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Price Change$849,999

54 Sixteenth Street

New Toronto, Toronto

$829,999

Detached|Bungalow
2 | 2 | 3
About this home

Located in the highly sought-after location. Perfect for first home with finished basement. Large deck and backyard.

Extras

No extras listed.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,163
Lot Size34 ft x 100 ft
mls© NumberW12657374
Listed ByINTERCITY 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%
$4,248
Property tax
$347
Heat allowance
$150
Housing costs
$4,745 / mo

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

Down payment20% · $166,000
25-yr amortization

Income needed

$146,000

gross annual household income

Payment at 4%
$3,493 / mo
Cash down
$166,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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