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3 - 64 Old Mill Terrace
Stonegate-Queensway, Toronto
$1,139,000
Nestled in prestigious Old Mill, this thoughtfully renovated townhome is in the catchment for top-rated Lambton-Kingsway Junior Middle School, Rosethorn Junior School (French Immersion) and Our Lady of Sorrows Catholic School. Enjoy an easy subway commute to downtown and the tranquil Humber Valley Trail just steps away. 5-minute walk to Old Mill Subway Station. 20 minutes to downtown by car or subway. 5-minute walk to Humber River Trail for walking and cycling. 10-minute drive to the lakeshore. High-end restaurants, bakeries and grocery stores within walking distance. Filled with natural light, the home features a south-facing, bistro-inspired kitchen, powder room, cozy gas fireplace, and a walkout to a private treetop deck. A new roof and skylight (2023) add lasting peace of mind. The spacious primary bedroom on the 2nd floor features a spa-like ensuite with soaker tub, oversized glass shower, and custom-built double vanity with quartz countertop, plus a walk-through closet with custom built-ins. The 3rd floor offers two generous bedrooms and a well-appointed shared bathroom. A two-car built-in garage and additional backyard green space complete the home. A true turnkey home offering the perfect combination of functionality, convenience and nature, ideal for both commuters and families.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,830
- Property tax
- $461
- Heat allowance
- $150
- Condo fees, half counted
- $460
- Housing costs
- $6,901 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$212,000
gross annual household income
- Payment at 4%
- $4,793 / mo
- Cash down
- $227,800
Assumes no other monthly debts · 25-yr amortization
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