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New3 days ago

22 Romac Drive

Highland Creek, Toronto

$1,548,800

Detached|Bungalow
3 | 3 | 5
About this home

Approx. 3,360 Sq. Ft. Of Total Living Space, With Approx. $500,000 Spent On Extensive Top-To-Bottom Renovations In 2019, Showcasing A Sophisticated Open-Concept Custom Design With High-End Thermador Appliances, All Windows And Doors Replaced, And Beautiful Hardwood Flooring Throughout. The Stunning Gourmet Kitchen Boasts Quartz Countertops, White Maple Cabinetry With Soft-Close Drawers, A Convenient Pot Filler, And An Impressive 3-Metre (118-Inch) Centre Island With Sink. The Main Floor Features A Dramatic Cathedral Ceiling, Modern Gas Fireplace, And Elegant Finishes, Including Glass Walk-In Showers, Double Sinks In All Bathrooms, And Chrome Fixtures. Fully Finished 2-Bedroom Basement Apartment With A Separate Kitchen Offers Excellent Rental Income Potential. The Two-Level Floating Cedarwood Deck, Completed In 2019, Is Perfect For Outdoor Entertaining And Relaxation. Additional Upgrades Include Electrical And Plumbing, Built-In Shelving, Under-Cabinet Lighting, Central Vacuum, Central Humidifier, Ecobee Thermostat, And Premium Stainless Steel Appliances, Including A Wine Fridge. Ideally Situated Minutes From Rouge National Urban Park And Close To The Lake, Pan Am Sports Centre, U Of T Scarborough Campus, And Highly Regarded IB Schools. Nestled On A Quiet, Beautiful Street Surrounded By Award-Winning And Organic Gardens, With Easy Access To Transit And GO Station. A Rare Turn-Key Opportunity Offering Luxury, Comfort, Extensive Upgrades, And Excellent Income Potential. Original Owner.

Extras

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,185
Lot Size48.88 ft x 120.67 ft
mls© NumberE13724590
Listed ByRIGHT AT HOME REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$7,927
Property tax
$515
Heat allowance
$150
Housing costs
$8,593 / mo

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

Down payment20% · $309,760
25-yr amortization

Income needed

$264,000

gross annual household income

Payment at 4%
$6,518 / mo
Cash down
$309,760

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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