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Cliffcrest, Toronto
$2,188,000
Welcome to an exceptional new custom-built home in Cliffcrest, where sophisticated design, premium finishes and an outstanding setting come together beautifully. Oversized windows fill the home with natural light, highlighting 7 1/2 inch wide plank hardwood floors, custom millwork and sleek contemporary details throughout.The open-concept main floor is designed for everyday living and entertaining, with a stunning chef's kitchen featuring quartz surfaces, a large centre island and integrated Cafe, Bosch and Fisher & Paykel appliances. Modern fireplaces add warmth to the principal living spaces, while expansive windows create a bright, airy feel and beautiful views of the surrounding mature trees.Offering 5+2 bedrooms, 7 bathrooms and 2,700 sq. ft. above grade plus an additional 1,300 sq. ft. on the finished lower level, this home provides exceptional space and flexibility. The fully legal basement apartment includes a second kitchen, two bedrooms and generous additional living space - ideal for extended family or additional income.Upstairs, the primary suite is a true retreat, with calming views of Lake Ontario. Set on an impressive 60 x 110 ft. lot beside Neilson Park, this is a rare opportunity to own a brand-new, beautifully finished custom home in one of Cliffcrest's most desirable pockets.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $11,199
- Property tax
- $437
- Heat allowance
- $150
- Housing costs
- $11,787 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$363,000
gross annual household income
- Payment at 4%
- $9,207 / mo
- Cash down
- $437,600
Assumes no other monthly debts · 25-yr amortization
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