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East York, Toronto
$1,249,000
Welcome to 31 Davies Crescent, a beautifully renovated detached bungalow tucked away on a quiet, sought-after dead-end crescent surrounded by multi-million-dollar homes. The bright, open-concept main floor features a stunning new kitchen with new appliances, updated flooring, a renovated bathroom, solid interior doors and new closets. A new roof and A/C units offer added peace of mind. The finished lower level features a self-contained one-bedroom suite with a separate entrance, full kitchen and bathroom, ideal for extended family or rental income. Step outside to a private backyard, newly landscaped for entertaining and outdoor living. Extensive 2026 upgrades include a new concrete driveway with two-car tandem parking, walkways, front porch, steps and railings. Minutes to the DVP, subway, TTC, parks, schools and the Danforth, with easy access to the Don River trails. A rare opportunity for move-in-ready living with income potential in one of East York's hidden pockets.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,393
- Property tax
- $467
- Heat allowance
- $150
- Housing costs
- $7,010 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$216,000
gross annual household income
- Payment at 4%
- $5,256 / mo
- Cash down
- $249,800
Assumes no other monthly debts · 25-yr amortization
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