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Humewood-Cedarvale, Toronto
$810,000
A Familiar Neighbourhood. A New Chapter. There are certain neighbourhoods where the location is what draws you in, and the opportunity to make a home your own is what makes you stay. Welcome to 281 Vaughan Road, a detached brick home in Humewood-Cedarvale, held by the same family since the 1960s and now ready for its next chapter. With 3 bedrooms, 2 bathrooms, and an unfinished basement, this is a home for someone who sees the potential in creating something entirely their own. Inside, original hardwood floors, traditional millwork, stained-glass details, and the character of an earlier era provide a starting point for a thoughtful transformation. Whether you're considering a substantial renovation, an addition, a top-up, or exploring the possibility of building new, there's an opportunity to rethink the property to suit your needs, subject to approvals. Outside, the backyard offers room to create a space for relaxing, gardening, or entertaining, while the detached two-car garage with laneway access adds valuable parking, storage or potential for laneway housing And then there's the location. Cedarvale Park is nearby, with its ravine trails, green spaces, and recreational facilities ready to become part of your daily routine. Leo Baeck Day School is also close by, along with the shops, cafés, and restaurants of St. Clair West and Eglinton West. With established residential streets, neighbourhood amenities, and transit connections nearby, 281 Vaughan Road offers the chance to put down roots in Humewood-Cedarvale and create a home that feels entirely your own.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,146
- Property tax
- $553
- Heat allowance
- $150
- Housing costs
- $4,849 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$149,000
gross annual household income
- Payment at 4%
- $3,409 / mo
- Cash down
- $162,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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