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South Parkdale, Toronto
$1,325,000
Full of character and charm, 60 Elm Grove is a beautifully renovated family home in the heart of Parkdale, one of Toronto's most-loved neighbourhoods. A classic slate roof sets the tone from the street, and the welcoming front porch is made for slow summer afternoons with a glass of lemonade.Inside, the open-concept main floor pairs soaring coffered ceilings with mosaic tilework throughout. It's a thoughtful renovation that keeps the home's warmth and architectural detail while making everyday living easier. The kitchen has been redone with high-end appliances and an apron-front sink, and a main-floor powder room adds convenience. There are three bedrooms, one currently set up as a custom-built home office, plus an elegantly updated bathroom.Walk out to your own private backyard, perfect for morning coffee, gardening or entertaining friends. And there's parking, a rare find in Parkdale.You're steps to Queen West's cafes, restaurants, shops and bars, minutes to the lake and the Waterfront Trail, with the TTC right at your door. A fabulous home with real soul, in a neighbourhood that has it all.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,782
- Property tax
- $490
- Heat allowance
- $150
- Housing costs
- $7,422 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$228,000
gross annual household income
- Payment at 4%
- $5,576 / mo
- Cash down
- $265,000
Assumes no other monthly debts · 25-yr amortization
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