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Rexdale-Kipling, Toronto
$849,000
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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Listing History
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,346
- Property tax
- $322
- Heat allowance
- $150
- Housing costs
- $4,817 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$148,000
gross annual household income
- Payment at 4%
- $3,573 / mo
- Cash down
- $169,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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