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O'Connor-Parkview, Toronto
$899,000
Welcome to 166 Westview Blvd! Located across from Topham Park on a generous 35 124.67 ft lot,this detached bungalow features an open-concept living, dining, and kitchen area, two bedrooms,and a full bathroom. The basement offers a separate side entrance, second kitchen, living area, two bedrooms, a full bathroom, and laundry. A huge backyard provides ample outdoor space. Walk to Selwyn Elementary School, Gordon A. Brown Middle School, shops, and TTC, with convenient DVP access. The seller advises permits are in place for side and rear additions and a second-storey expansion, creating a four-bedroom main residence and two basement apartments. Survey and plans available. Buyers to verify permit details and permitted rental use. For permit check the attachment .
No extras listed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,601
- Property tax
- $344
- Heat allowance
- $150
- Housing costs
- $5,096 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$157,000
gross annual household income
- Payment at 4%
- $3,783 / mo
- Cash down
- $179,800
Assumes no other monthly debts · 25-yr amortization
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