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Price Change$849,000

1063 Warden Avenue

Wexford-Maryvale, Toronto

$799,000

Detached|Bungalow
2 | 2 | 3
About this home

**CLIENT REMARKS**Excellent opportunity for first-time buyers, investors, or renovators. Detached bungalow situated on a spacious 40 x 125 ft lot in the desirable Wexford-Maryvale community, just steps from public transit and close to shopping, schools, recreation facilities, places of worship, and the hospital.The bright main floor features hardwood flooring, two bedrooms, a spacious living and dining area, and a kitchen with a walkout to the backyard. The lower level offers a separate entrance, kitchen, family room with gas fireplace, two bedrooms, den, and three-piece bathroom, providing excellent additional living space and income potential.Private driveway with parking for three vehicles. The fenced backyard features a covered porch, interlocking stone, mature landscaping, and a water fountain with pond.The property is currently tenanted and is being sold on an "as is, where is" basis. Buyers and their agents must conduct their own due diligence regarding the existing tenancies, rental income, measurements, condition of the property, and the use and retrofit status of the basement.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,734
Lot Size40 ft x 125 ft
mls© NumberE13577790
Listed ByREAL ESTATE HOMEWARD

Listing History

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  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,090
Property tax
$228
Heat allowance
$150
Housing costs
$4,467 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $159,800
25-yr amortization

Income needed

$137,000

gross annual household income

Payment at 4%
$3,362 / mo
Cash down
$159,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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