10 Gala Lane
Stonegate-Queensway, Toronto
$1,488,888
A TRUE GEM IN SOUTH ETOBICOKE! Beautiful end-unit, freehold townhouse featuring 4 spacious bedrooms and extensive renovations throughout. The fully renovated kitchen and bathrooms offer modern style and quality finishes. Enjoy a stunning 13-foot Swim Spa in the backyard, quartz countertops, a center island, high-end appliances, pot lights throughout, and freshly painted. Move-in ready and beautifully finished! Parking is exceptional, with a double-car garage plus at least 6 additional parking spaces in the front. Located in a fantastic South Etobicoke neighborhood, this is an opportunity you won't want to miss. Truly a gem - don't wait, it won't last long! Bring your most discerning clients!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,621
- Property tax
- $500
- Heat allowance
- $150
- Housing costs
- $8,271 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$254,000
gross annual household income
- Payment at 4%
- $6,265 / mo
- Cash down
- $297,778
Assumes no other monthly debts · 25-yr amortization
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