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Greenwood-Coxwell, Toronto
$1,199,900
More space, two-car parking and an outstanding east-end location here at 347 Greenwood Ave! This 2.5 storey semi offers four bedrooms and two bathrooms in the primary residence, with a separate one-bedroom apartment in the lower level. Starting on the main floor, the open-concept living and dining area flows into the kitchen -- and at the back of the main floor is a separate entrance to the rear yard and an added 3 pc-bathroom. Three well sized bedrooms each with large or bay windows -- and a bathroom make up the second floor. The top floor consists of an oversized bedroom that doubles up as a work from home suite -- equipped with a private balcony for summer reads and evening sunsets. A one-bedroom basement apartment in the basement for that extra income to offset the bills or a nanny suite just in case you need some help with the kids. In terms of location The Walk Score at 347 Greenwood is an impressive 91 and is located within the coveted Riverdale Collegiate school district in case you were wondering. You also get to walk to Greenwood Park for baseball, skating and tobogganing throughout the seasons -- and get your choice of all the variety that's available along the Danforth. Imagine moving right in or bringing some your finishing touches, this house provide exceptional value for buyers looking for a larger home in this sought-after east-end neighbourhood!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,142
- Property tax
- $422
- Heat allowance
- $150
- Housing costs
- $6,713 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$207,000
gross annual household income
- Payment at 4%
- $5,049 / mo
- Cash down
- $239,980
Assumes no other monthly debts · 25-yr amortization
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