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Lawrence Park North, Toronto
$1,495,000
* Extra Wide Renovated Semi In Coveted Bedford Park * Spacious Open Concept Principal Rooms With Modern Finishes * Custom Eat-in Kitchen Features Large Centre Island, Stainless Steel Appliances & Extensive Built-in Storage * Expansive Sliding Doors Walk Out To Deck & Fully Fenced Backyard With Low Maintenance Turf * Primary Suite Offers Space For A King Size Bed And Two Sets Of Built-in Closets * Finished Lower Level With 6'5" Ceilings * John Wanless, Glenview And Lawrence Park Collegiate Public School Districts * Walk To Avenue Road Shops, Restaurants And Groceries * Easy Access To Public Transit * Extensively Renovated 2015, New Roof 2015, New Windows Main & 2nd Floor 2019, New Boiler 2022 *
No extras listed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,652
- Property tax
- $673
- Heat allowance
- $150
- Housing costs
- $8,475 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$261,000
gross annual household income
- Payment at 4%
- $6,291 / mo
- Cash down
- $299,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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