2398 Gerrard Street E
East End-Danforth, Toronto
$830,000
Three self-contained income generating corner lot property. Steps to the corner of Victoria Parkway and Danforth. Main Floor and Upper Unit renovated. Each unit has its own separate entrance, with parking for each unit and a detached garage for storage. Top Floor, Bachelor Suite, Main Floor 1 Bedroom and Lower Unit 1 Bedroom.
No extras listed.
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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%
- $4,248
- Property tax
- $290
- Heat allowance
- $150
- Housing costs
- $4,689 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$144,000
gross annual household income
- Payment at 4%
- $3,493 / mo
- Cash down
- $166,000
Assumes no other monthly debts · 25-yr amortization
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