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Featured
New3 days ago

2948 Bur Oak Avenue

Cornell, Markham

$968,000

Semi-Detached |2-Storey
3 | 4 | 3
About this home

Spacious 3 bedrooms and 4 washrooms home, including a jacuzzi tub. Living room with a beautiful fireplace, plus a large family room. Open plan kitchen with an island. Brand new appliances. This is an oversized 3-bedroom home is built by Aspen Ridge. Over 1,800 sq. ft. of living space. Hardwood floors and stairs. 9-foot ceilings, crown mouldings. The kitchen leads to an interlocked courtyard behind the home, providing a large private space for relaxing evenings and BBQ gatherings. Fully renovated, move-in-ready. Fully finished basement provides excellent additional living space or an entertainment area. A double-car garage with the third outdoor parking space. A rare opportunity to own a versatile and beautifully updated home in a highly desirable neighbourhood. Excellent schools, including Cornell Village Public School, Little Rouge Public School, and Bur Oak Secondary School.

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BrokerHub Inc.
(647) 254-1864
TypeSemi-Detached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,719
Lot Size23.62 ft x 108.27 ft
mls© NumberN14028858
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$4,955
Property tax
$393
Heat allowance
$150
Housing costs
$5,498 / mo

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

Down payment20% · $193,600
25-yr amortization

Income needed

$169,000

gross annual household income

Payment at 4%
$4,074 / mo
Cash down
$193,600

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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