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Stonegate-Queensway, Toronto
$1,788,000
Backing directly onto parkland with a Legal basement apartment already in place, this is a rare combination in central Etobicoke - green space behind you, income potential below you. The main house offers nearly 2,600 square feet across three finished levels, built in 2009. The main floor is open and functional, with hardwood throughout, a gas fireplace in the family room, and a kitchen centred on a quartz island with seating, built-in cabinetry, and pantry storage. A separate den opens to a raised deck overlooking the backyard and the parkland beyond. Upstairs, skylights brighten the hallway, bathroom and laundry. The primary suite features a walk-in glass steam shower with rainhead and a jetted soaker tub. Two bedrooms share a jack-and-jill 5-piece bath, with an additional three-piece for guests. Set on a 32 x 132 ft (approx) lot with parking for four. The fully finished studio suite has its own entrance, kitchen, four-piece bath, and rear walk-up - ready for rental income, extended family, a nanny suite, or reclaimed as additional living space. Short walk to the Subway & GO Train, quick access to the Gardiner Expwy, Hwy. 427, Sherway Gardens and The Queensway. Top ranked school districts - Norseman Junior Middle School, Etobicoke Collegiate, Our Lady of Sorrows, and Bishop Allen Academy.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 16-30 |
| Size | 2500-3000 sq. ft. |
| Property Tax | $8,001 |
| Lot Size | 32.99 ft x 132.03 ft |
| mls© Number | W13462592 |
| Listed By | RE/MAX ALL-STARS REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $9,152
- Property tax
- $667
- Heat allowance
- $150
- Housing costs
- $9,969 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$307,000
gross annual household income
- Payment at 4%
- $7,524 / mo
- Cash down
- $357,600
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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