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West Humber-Clairville, Toronto
$840,000
Welcome to this lovely pocket of Rexdale! This bungalow offers 3 bedrooms on the main floor, 3 additional bedrooms in the basement, and a 1+1 kitchen layout. There's plenty of potential here, with beautiful morning sunshine in the main floor living room and lots of opportunity to personalize both the front and backyard. Enjoy sunny afternoons and evenings by the beautiful kidney-shaped inground pool, ready to become your own private retreat. The home needs some updating, offering a great opportunity to make it your own. Just steps from a park and a short walk to grocery stores and shopping, with convenient transit access to the nearby hospital, university and train station. A wonderful opportunity in a well-connected neighbourhood!
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,300
- Property tax
- $339
- Heat allowance
- $150
- Housing costs
- $4,789 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$147,000
gross annual household income
- Payment at 4%
- $3,535 / mo
- Cash down
- $168,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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