22 Gatesview Avenue
Scarborough Village, Toronto
$1,188,000
FANTASTIC OPPORTUNITY - Welcome 2 this Detached Bungalow Situated on a 43.55 x 210.05 Foot Lot in the Heart of Scarborough Village. Comprised of 3 Separate Units Waiting for the Perfect Investor. Upper Unit is Totally Renovated $$$ - Freshly Painted, New Bathroom, New Kitchen, New Floors, New Counters, New Front Porch and New Sod. This Opportunity Offers the Perfect Blend of Function, Comfort & Versatility for your Investment. Separate Side Door Entrance Leads to Two Basement Apartments & Lower-Level Laundry Room. Basement Has Walkout to Extensive Backyard. Ideal for Extended Family, Income Suites & Multi-Generational Living. Close to All Amenities Including GO Station, Shopping, Transit & Schools. This Rare Opportunity Exudes Convenient, Space & Lifestyle Potential.
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Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,081
- Property tax
- $371
- Heat allowance
- $150
- Housing costs
- $6,602 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$203,000
gross annual household income
- Payment at 4%
- $4,999 / mo
- Cash down
- $237,600
Assumes no other monthly debts · 25-yr amortization
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