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Centennial Scarborough, Toronto
$849,900
Opportunity knocks ! Custom Builders, renovators or end users ! Colonel Danforth Trail is one of the most prestigious and rarely offered locations in West Scarborough. Charming 3 bed home with double car garage on a spectacular 84ft x 190 ft ( slightly irreg ) lot. Built in 1950 this long time family home is ready for the next generation to renovate or build your dream custom home ! Main floor has enclosed front porch , lr/ dr/ kit , den & bedroom with 2 more bedrooms upstairs. This spectacular location offers country in the city living with ultimate privacy surrounded by mature trees and facing Colonel Danforth Park Ravine . Create your own outdoor oasis with this pool sized lot ...endless possibilities !
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,350
- Property tax
- $407
- Heat allowance
- $150
- Housing costs
- $4,907 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$151,000
gross annual household income
- Payment at 4%
- $3,577 / mo
- Cash down
- $169,980
Assumes no other monthly debts · 25-yr amortization
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