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New4 days ago

3 Morbank Drive

Steeles, Toronto

$1,000,000

Detached|2-Storey
4 | 4 | 5
About this home

A home with substance, scale and room to evolve. Set on an approximately 44 x 110 ft lot, 3 Morbank Dr is a detached two-storey with an attached double garage and a rear outlook onto green space. Step inside to a distinctive curved staircase and a traditional main-floor layout where each room has a purpose: a generous living room, separate dining room, and an inviting family room anchored by a full-height brick fireplace. The spacious eat-in kitchen offers ample cabinetry, a breakfast area and walkout to the raised rear veranda - an easy connection to the backyard and leafy setting beyond. Hardwood flooring brings warmth through the principal living spaces and bedrooms, while main-floor laundry adds everyday practicality. Upstairs, four bedrooms include an expansive primary suite with walk-in closet and 5-piece ensuite. The finished lower level adds meaningful flexibility with a fifth bedroom, full bathroom with sauna, partial kitchen, storage and walk-up to the backyard. Two wood-burning fireplaces, updated roof, windows and doors, and a water softener add to the home's features. Close to TTC, schools, parks and the growing collection of shops and dining around Kennedy and McNicoll. A substantial Scarborough home with the space to make your next chapter your own.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$7,688
Lot Size44.29 ft x 109.9 ft
mls© NumberE13845954
Listed ByRE/MAX HALLMARK FRASER GROUP REALTY

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,118
Property tax
$641
Heat allowance
$150
Housing costs
$5,909 / mo

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

Down payment20% · $200,000
25-yr amortization

Income needed

$182,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$200,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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