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Listed 1 month ago

211 B Melrose Avenue

4504 - Civic Hospital, Dows Lake - Civic Hospital and Area

$1,099,000

Detached|3-Storey
4 | 2 | 3
About this home

Located just steps from the Civic Hospital in a highly desirable neighborhood, this charming three-storey home offers the perfect blend of original character and thoughtful updates.Featuring hardwood throughout, the home boasts four spacious bedrooms and two full bathrooms.The main level includes a large, inviting living room with fireplace and a formal dining room, both filled with natural light and showcasing beautiful original details. The functional, well-laid-out kitchen provides access to a private deck and rear yard. Upstairs, the second floor offers three generously sized bedrooms and a full bathroom. The entire third level is dedicated to a spacious primary suite with its own full bathroom, creating a private and peaceful retreat.The finished basement offers additional living space and flexibility for a family room, home office, or recreation area. While the finishes may be dated, the basement is dry, in good condition, and full of potential for modern updates.Additional features include a new roof, Average hydro and heating costs available. With large rooms throughout, great bones, hardwood flooring, and loads of character, this home is move-in ready while still offering opportunities to make it your own. Don't miss the chance to own a truly special property in one of the city's most sought-after location. Average costs - Hydro $ 150.00, Heat $ 240.00, Water $120.00

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style3-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$8,995
Lot Size40.03 ft x 87.57 ft
mls© NumberX13591582
Listed ByCOLDWELL BANKER SARAZEN REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$5,625
Property tax
$750
Heat allowance
$150
Housing costs
$6,525 / mo

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

Down payment20% · $219,800
25-yr amortization

Income needed

$201,000

gross annual household income

Payment at 4%
$4,625 / mo
Cash down
$219,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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