783 Midland Avenue
Kennedy Park, Toronto
$949,000
Located in The Kennedy Park Community. 40 x 137 Foot Lot. This Listing Offers A Detached 2-storey 4 Bedroom New Construction Home. The home is more than partially completed & represents A Great Opportunity with Lots of Potential. The Home Offers Premium Finishes, Kitchen Cabinetry, Quartz Countertops, Flooring, Fireplace, Garage Door & Main Entry Door. Significant Trade Work Remains Acroos Electrical, Plumbing, Framing, Flooring, Trim, Exterior Landscaping. Once Completed this is a Great Opportunity For the Savy Buyer Who Can Appreciate The Potential This Property Has To Offer.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,857
- Property tax
- $262
- Heat allowance
- $150
- Housing costs
- $5,269 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$162,000
gross annual household income
- Payment at 4%
- $3,994 / mo
- Cash down
- $189,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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