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Bendale, Toronto
$995,000
Well-maintained 3+3-bedroom, 2-bathroom detached bungalow located in a high-demand Bendale community. This home offers a functional layout with bright living spaces and a W/O basement with a separate entrance and washer and dryer adding extra living space with three bedrooms and a bathroom, providing more flexibility. The tenants are living in the basement. The landlord leave the property as a clean on closing. Situated close to schools, parks, shopping, and public transit, and only a short drive to Scarborough Health Network (General Hospital), Scarborough Town Centre, and the Scarborough Centre Bus Terminal/Go Station, minutes to Highway 401. Perfect for families and commuters alike, and a great opportunity to own in a desirable and family friendly neighbourhood with strong Long-Term Value.
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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%
- $5,093
- Property tax
- $380
- Heat allowance
- $150
- Housing costs
- $5,623 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$173,000
gross annual household income
- Payment at 4%
- $4,187 / mo
- Cash down
- $199,000
Assumes no other monthly debts · 25-yr amortization
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