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Cliffcrest, Toronto
$1,549,000
Exceptional custom-built detached home in desirable Cliffcrest! This spacious family home offers 4 bedrooms & 3 full baths upstairs, 10 ft ceiling on main floor, with convenient separate laundry. The main floor features a welcoming foyer, living & dining rooms, well-appointed kitchen, family room & powder room. The finished basement with separate entrance offers 3bedrooms, 2 full baths, kitchen & laundry-ideal for extended family or potential rental use, subject to applicable requirements. Enjoy a beautiful private backyard with a large wooden deck, garden shed & no homes directly behind, creating a peaceful open setting. No sidewalk provides added parking convenience. Walking distance to schools, including H.A. Halbert Jr. PS and R.H. King Academy, with shopping, transit, parks and everyday amenities nearby. A rare opportunity offering exceptional space, privacy, flexibility and income potential in a sought-after Scarborough location!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,928
- Property tax
- $653
- Heat allowance
- $150
- Housing costs
- $8,731 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$269,000
gross annual household income
- Payment at 4%
- $6,518 / mo
- Cash down
- $309,800
Assumes no other monthly debts · 25-yr amortization
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