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New6 days ago

5 Rivington Avenue

Patterson, Vaughan

$1,599,000

Detached|2-Storey
4 | 4 | 4
About this home

Welcome To This Absolutely Stunning 4+2 Bedroom Detached House In The Highly Sought-After Thornhill Woods Community! Featuring A Very Well-Designed Layout With 9' Ceilings On The Main Floor, A Bright And Spacious Open-To-Above Great Room With Balcony, Gleaming Hardwood Floors, And A Gourmet-Style Kitchen With Centre Island, Granite Countertops & Ceramic Backsplashes. All Upstairs 4 Bedrooms Are Generously Sized, With The Primary Bedroom Featuring An Elegant 5-Pc Ensuite & Walk-In Closet. Freshly Painted Throughout. Roof(2023). This Home Is Truly Move-In Ready! Enjoy The Spectacular Outdoor Space Featuring Two Mature Cherry Trees, A Paved Backyard Patio Area Perfect For Relaxing And Entertaining. The Professionally Finished Basement Offers A Separate Walk-Up Entrance, 2 Bedrooms, 1 Bathroom and 1 separate laundry, Providing Excellent Potential For Extended Family Living Or Rental Income. Basement Currently Leased To An Excellent & Respectful Family For $1,800/Month Plus 1/3 Utilities, With The Tenants Willing To Stay Or Move Out. Just Steps to Top-Ranked Stephen Lewis Secondary School, Library, Community Centre, Parks. Close to Grocery Stores, Retail, Restaurants, Rutherford GO Station, Hwy 7 & Hwy 407. A Wonderful Family House In One Of Thornhill Woods' Most Desirable Communities!

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TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$7,739
Lot Size36.09 ft x 88.58 ft
mls© NumberN13822012
Listed ByHOMELIFE NEW WORLD REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,184
Property tax
$645
Heat allowance
$150
Housing costs
$8,979 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $319,800
25-yr amortization

Income needed

$276,000

gross annual household income

Payment at 4%
$6,729 / mo
Cash down
$319,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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