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New3 days ago

56 Grangemill Crescent

Banbury-Don Mills, Toronto

$1,595,000

Detached|Sidesplit
3 | 1 | 3
About this home

New Look. New Price. A Fresh Start at 56 Grangemill! First time offered in over 60 years, this classic 3-bedroom bungalow has recently undergone a thoughtful refresh and is ready for its next owner. Freshly painted inside and out, with wallpaper and broadloom removed and new kitchen flooring, the home is brighter, cleaner and ready to enjoy while you plan what comes next. A bright and spacious living and dining area with vaulted ceiling adds architectural character and an airy feel, while the eat-in kitchen and three bedrooms provide a comfortable main-floor layout. The full lower level offers plenty of additional living space and possibilities. Move in, update over time, or bring your contractor and your vision! Set on a mature lot with a private backyard, carport and private drive. Ideally located close to excellent schools, parks and ravine trails, shopping, transit, major highways and all the amenities of Don Mills. A great opportunity for buyers, downsizers, renovators or builders looking for a home with plenty of potential in a well-established neighbourhood. ***some photos have been digitally altered with furniture added***

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleSidesplit
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$8,808
Lot Size51 ft x 118.46 ft
mls© NumberC13770690
Listed BySAGE REAL ESTATE LIMITED

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,164
Property tax
$734
Heat allowance
$150
Housing costs
$9,048 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $319,000
25-yr amortization

Income needed

$278,000

gross annual household income

Payment at 4%
$6,712 / mo
Cash down
$319,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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