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Bedford Park-Nortown, Toronto
$1,599,900
Fabulous Opportunity in the Bedford/Ledbury Park. Spacious 42 x 120 ft treed lot, ideally located on the south side of the street, just steps to Avenue Road. Renovate or build new in this much coveted location. Existing 3 bedroom bungalow is well maintained, ready for you to put your personal stamp on it. Large principle room, living room with wood burning fireplace, formal dining room, eat-in kitchen, two comfortable bedrooms & hardwood under broadloom in most rooms. The versatile 3rd bedroom above the garage makes a perfect den, office or family room. Downstairs is very spacious, with a large recreation room, office, kitchenette, 2 pc bath, and laundry and furnace room. Tons of storage areas for your bins and extra items. Don't miss this rate opportunity to build or enjoy a rare 3 bedroom floorplan home.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,189
- Property tax
- $602
- Heat allowance
- $150
- Housing costs
- $8,941 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$275,000
gross annual household income
- Payment at 4%
- $6,733 / mo
- Cash down
- $319,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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