170 Gracefield Avenue
Maple Leaf, Toronto
$1,150,000
Income Generated Property! Two Suites Currently Leased For $4,800/Month, Utilities Extra. Proximity To Major Highway 401 And 400, Close To All Amenities, School At The Opposite Of The Street. A Detached Bungalow In A Large 55.77X108.68 Lot! Living And Renting! Main Floor 3 Cozy And Spacious Bedrooms, Sun Filled Living Room Combined With Dining Room, Eat In Kitchen With Access To Sunroom. Separated Entrance To The Basement Updated In 2021 With A Kitchen And Two Bedrooms And A Bathroom. The Large Bed Room Can Be Used As A Family Room Or A Office. Best For The First Time Home Buyers And Investors.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,899 |
| Lot Size | 55.77 ft x 108.68 ft |
| mls© Number | W12777470 |
| Listed By | AIMHOME 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%
- $5,886
- Property tax
- $408
- Heat allowance
- $150
- Housing costs
- $6,444 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$198,000
gross annual household income
- Payment at 4%
- $4,839 / mo
- Cash down
- $230,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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