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Maple Leaf, Toronto
$950,000
Welcome To 85 Floral Parkway! Updated Detached Bungalow On A 40 X 120 Ft Lot In Sought-After Maple Leaf, Complete With A Separate-Entrance 2-Bedroom Basement Apartment! Bright Main Floor Offers 3 Generous Bedrooms, A Sun-Filled Living Room, Fresh Paint And A Crisp White Kitchen With New Stove & Oven (2024). Renovated Bathroom (2024). The Big-Ticket Items Are Done: Rebuilt Chimney (2026), New Eavestroughs (2026), Triple-Pane Windows & New Front Door (2025), Furnace & Central Air (2024), Owned Hot Water Tank (2024) - No Rentals - And Sewer Backup Valve (2024). Lower Level Fully Renovated In 2024 With Its Own Kitchen, Living Room, 2 Bedrooms, 3-Pc Bath, Laundry And Separate Side Entrance - Perfect For Rental Income To Help Carry The Mortgage, Or For Extended Family. Long Private Driveway, Deep Backyard And Refreshed Curb Appeal. Move-In Ready For First-Time Buyers, Investors And Downsizers Alike. Steps To St. Fidelis Church, TTC, Humber River Hospital, Schools And Parks, With Quick Access To Hwy 401/400, Yorkdale Mall And Downtown. Don't Miss It! Some Basement Photos Are Virtually Staged.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,863
- Property tax
- $363
- Heat allowance
- $150
- Housing costs
- $5,375 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$165,000
gross annual household income
- Payment at 4%
- $3,998 / mo
- Cash down
- $190,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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