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Price Change$844,900

37 McGilvray Crescent W

Georgetown, Halton Hills

$810,000

Detached|Bungalow
2 | 2 | 3
About this home

Beautifully maintained bungalow built by Heslop. Second owner since 1959. Terrific mature, neighbourhood close to all amenities including elementary, middle, and high schools. Many updates over the years include quality built deck 2024, using composite material surrounded by wrought iron railing. Lovely cherrywood kitchen with ample cupboard space, with entrance to the side and the basement. Spacious living room with stripped oak hardwood throughout the principal rooms and hallway on main floor in excellent condition. Roof re-shingled in 2014, driveway repaved 2013. High efficiency gas furnace and AC new in 2015, 3rd bedroom was turned into a dining room several years ago and could easily go back to a bedroom with not a lot of work involved. Finished basement with 3 piece bathroom and much more includes cold cellar, several storage areas uniquely created by owners. Large rec room area with gas fireplace. Extra quite spacious bedroom. Workshop area and laundry room with upgraded clothes washer and dryer. Separate side entrance to the basement would make an in-law suite very feasible. Carport could be a garage with not a lot of effort. Lots of storage areas in the carport and workshop. Pristine private fenced back yard with good size storage shed. Gorgeous maple just starting to change colours, just stunning. Super location...

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,840
Lot Size60 ft x 110 ft
mls© NumberW13867248
Listed ByLPT REALTY

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,146
Property tax
$403
Heat allowance
$150
Housing costs
$4,699 / mo

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

Down payment20% · $162,000
25-yr amortization

Income needed

$145,000

gross annual household income

Payment at 4%
$3,409 / mo
Cash down
$162,000

Assumes no other monthly debts · 25-yr amortization

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Investment Analysis

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