76 Thirty Eighth Street
Long Branch, Toronto
$1,600,000
Large lot size (50 x 132 ft). Builder's dream/fixer-upper in an in-demand location. You can fix/remodel and live, or build your dream home on this large lot. Property is sold in as is condition. The in-ground pool was functional but has not been used for the last few years.
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Listing History
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%
- $8,190
- Property tax
- $531
- Heat allowance
- $150
- Housing costs
- $8,871 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$273,000
gross annual household income
- Payment at 4%
- $6,733 / mo
- Cash down
- $320,000
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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