19 Addison Crescent
Banbury-Don Mills, Toronto
$2,198,000
All architectural plans, drawings, and required building permits are in place, allowing you to break ground as early as the next day! An incredible opportunity to build a stunning 3-storey, four-unit residential building (Fourplex) featuring approximately 7,351 sq. ft. of above-grade living space plus 2,286 sq. ft. of below grade space. Over 8,000 sq ft land area. Situated on a highly sought-after, quiet crescent in the heart of prestigious Don Mills, this property offers an outstanding combination of location, convenience, and development potential. Surrounded by beautiful parks, scenic walking paths, nature trails, and the renowned Edward Gardens, residents can enjoy an exceptional outdoor lifestyle. Just steps to baseball diamonds, tennis courts, basketball courts, swimming facilities, and recreational amenities.
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $11,250
- Property tax
- $592
- Heat allowance
- $150
- Housing costs
- $11,992 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$369,000
gross annual household income
- Payment at 4%
- $9,250 / mo
- Cash down
- $439,600
Assumes no other monthly debts · 25-yr amortization
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