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Eglinton East, Toronto
$849,800
Some homes are simply lived in. This one was loved, for generations, by the same family who built their life within its walls. Children grew up here, holidays were celebrated around the table, and milestones were marked in rooms filled with laughter. Now, for the very first time ever, this treasured, detached bungalow opens its doors to a new family, ready to write the next chapter of its story. Built in 1954, it has stood through more than seventy years of family life, and it is ready for seventy more. Set on a beautifully treated 40 by 125 foot lot in sought after Eglinton East, historically known as Knob Hill, this 1954, three-bedroom, one bathroom home offers 1,176 square feet of living space above grade, with bright, comfortable rooms that carry the warmth only a true family home can hold. A rare attached garage, a private drive and a deep fenced yard give you room to breathe, to play, to gather, to grow. The separate entrance to the basement opens a world of potential: an in-law suite, a space for extended family, a home office, or room for the family to grow. Here is a home to personalize to your taste, to make truly yours, in a well established neighbourhood where neighbours know each other by name and roots run deep. On a quiet, tree-lined street where children still play outside and neighbours still stop to chat, this is the Scarborough so many families dream of. Steps to TTC, schools, parks, library and plazas, with shops, restaurants, hospitals and community centres close by, plus the Eglinton GO Train, Kennedy Station, the future Scarborough subway extension and Highway 401 minutes away. Scarborough Town Centre is a short drive, and the Bluffs and the lake are close by for summer evenings. First-time buyers, growing families and multigenerational households alike will see the possibilities here. This is a rare chance to own a piece of Scarborough history, a home cherished for four generations and ready for yours. You will not find another one like this.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,350
- Property tax
- $356
- Heat allowance
- $150
- Housing costs
- $4,856 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$149,000
gross annual household income
- Payment at 4%
- $3,576 / mo
- Cash down
- $169,960
Assumes no other monthly debts · 25-yr amortization
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