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Morningside, Toronto
$1,189,000
Ultra-Modern Custom Bungalow! Fully renovated detached bungalow featuring an open-concept design with a chef-inspired kitchen, spacious living and dining areas, and elegant porcelain tile flooring throughout. The private primary retreat offers a spa-like ensuite, open-concept closet, and walkout to the backyard. Finished basement with separate entrance, second kitchen, recreation area, 2 bedrooms, and 3-piece bath with laundry. Enjoy a beautifully landscaped backyard with an inground pool and pool house. Conveniently located minutes to Hwy 401, transit, schools, parks, and major amenities. A rare turnkey opportunity!
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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%
- $6,086
- Property tax
- $481
- Heat allowance
- $150
- Housing costs
- $6,717 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$207,000
gross annual household income
- Payment at 4%
- $5,004 / mo
- Cash down
- $237,800
Assumes no other monthly debts · 25-yr amortization
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