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New2 hours ago

59 Redwater Drive

Rexdale-Kipling, Toronto

$949,000

Detached|Bungalow-Raised
3 | 2 | 3
About this home

Exceptional opportunity in prime Rexdale-Kipling with outstanding income potential! This detached raised bungalow sits on a premium 45 ft frontage by 112 ft depth lot, offering unmatched versatility for multi-generational families and savvy investors. It's designed to bring in a lot of natural light. The functional 3+2 bedroom layout features a common split-entry foyer with a private basement access, 2 full washrooms, shared laundry, and 2 full kitchens-including a bright main-floor kitchen with a large skylight flooding the space with natural light. Enjoy an expansive, custom full-width sunroom extending your living space, plus a bonus basement sauna. Park up to 6 vehicles with ease, thanks to the 1-car garage and extra long 5-car driveway. Unbeatable location: minutes away from Costco, Humber College, Pearson Airport, North GO, TTC, and Hwy 401/427!

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  • Sat, Sep 26

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,344
Lot Size45 ft x 112 ft
mls© NumberW13806310
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$4,857
Property tax
$445
Heat allowance
$150
Housing costs
$5,453 / mo

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

Down payment20% · $189,800
25-yr amortization

Income needed

$168,000

gross annual household income

Payment at 4%
$3,994 / mo
Cash down
$189,800

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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