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New4 days ago

226 Elmwood Crescent

1035 - OM Old Milton, Milton

$859,900

Detached|Bungalow
3 | 1 | 6
About this home

*A RARE OPPORTUNITY IN OLD MILTON!* Take a trip back in time! Situated on an impressive 71 x 120 ft lot in one of Milton's established neighbourhoods, 226 Elmwood Crescent presents an exciting opportunity for renovators, builders and those with a vision. Offered for the first time in decades, this well-loved family home features three bedrooms, one bathroom and original hardwood flooring tucked beneath the existing carpeting, offering a wonderful opportunity to restore a piece of the home's original charm. Set on a generous lot surrounded by an evolving neighbourhood of beautifully renovated and updated homes, the possibilities here are worth exploring. Whether you're looking to breathe new life into the existing home or envision a custom residence tailored to your lifestyle, this property offers an exceptional canvas in a sought-after location. Enjoy the charm and convenience of Old Milton, with its mature surroundings and proximity to downtown amenities, parks, schools and everyday essentials. Bring your imagination and discover the potential of this remarkable property!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,800
Lot Size71 ft x 120 ft
mls© NumberW14011950
Listed ByRE/MAX REAL ESTATE CENTRE INC.

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%
$4,401
Property tax
$317
Heat allowance
$150
Housing costs
$4,868 / mo

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

Down payment20% · $171,980
25-yr amortization

Income needed

$150,000

gross annual household income

Payment at 4%
$3,619 / mo
Cash down
$171,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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