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Banbury-Don Mills, Toronto
$2,795,000
A Rare Estate Lot At The End Of A Quiet Cul-De-Sac In The Coveted Denlow Neighbourhood, Celebrated For Its Mature Trees And Top-Rated Schools. Set On An Impressive 0.419-Acre Pie-Shaped Lot Backing Directly Onto Mike Bela Park With No Neighbours Behind, Offering Unmatched Privacy And Endless Potential. A Truly Unique Opportunity With Three Paths Forward: Move In And Enjoy; Renovate & Reimagine To Suit Your Lifestyle; Or Start Fresh And Build A Custom Two-Storey Residence With An As Of Right Total Floor Area Of Approximately 8000 Sq ft, As Per Site Assessment Plan (Report Attached). The Current 4-Bedroom, 4-Bathroom Bungalow Offers An Exceptional Layout, Tons of Natural Light And A Sprawling Lower Level With Generous Ceiling Height. Attached 2-Car Garage. The Expansive Rear Yard Opens Onto Lush Parkland For A Private Retreat In The Heart Of The City. Steps To Edwards Gardens, Parks And Trails, Minutes To The Shops At Don Mills, Top Private Schools, Granite Club, TTC, And Quick Access To The DVP And 401.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $14,306
- Property tax
- $983
- Heat allowance
- $150
- Housing costs
- $15,439 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$475,000
gross annual household income
- Payment at 4%
- $11,762 / mo
- Cash down
- $559,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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