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Listed 2 months ago

542 Davis Drive

35 - East Gardiners Rd, Kingston

$725,000

Detached|Bungalow
3 | 3 | 6
About this home

Welcome to a home that offers more than just beautiful family living, it offers options. This spacious all brick bungalow is ideally situated in a great west end neighbourhood, backing directly onto a park where you can watch the kids play from the comfort of your own back yard. Inside, the bright and welcoming main level features 3 bedrooms and 2 bathrooms, a family sized kitchen with granite countertops, and plenty of room to gather. Freshly updated with new flooring, trim, paint, and refreshed bathrooms, the home feels polished, comfortable, and ready to enjoy. The roof and furnace have recently been replaced, great for peace of mind. What truly sets this property apart is the fully legal 2 bedroom secondary suite downstairs. Complete with its own private entrance, two outdoor seating areas, and separately metered hydro. The suite is currently occupied by great tenants on a one-year lease, providing immediate income to help offset the cost of homeownership. Looking ahead, the layout also creates an incredible opportunity for multi-generational living, giving extended family their own comfortable and independent space under one roof. This is far from your typical income property. it's a beautiful family home in a wonderful neighbourhood, close to all west end amenities, with the added flexibility of rental income today and options for your family tomorrow.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$5,489
Lot Size49.25 ft x 112.19 ft
mls© NumberX13719696
Listed ByROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

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%
$3,711
Property tax
$457
Heat allowance
$150
Housing costs
$4,318 / mo

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

Down payment20% · $145,000
25-yr amortization

Income needed

$133,000

gross annual household income

Payment at 4%
$3,051 / mo
Cash down
$145,000

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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