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Highland Creek, Toronto
$1,529,000
Location, Location, Location! Welcome To This Stunning Fully Renovated 5-Bedroom Home In The Highly Sought-After Highland Creek Community. Thoughtfully Redesigned With Premium Finishes Throughout, This Exceptional Property Features A Brand-New Open-Concept Kitchen With Breakfast Area And Walkout To A Spacious Backyard Deck, Complemented By Heated Porcelain Flooring.The Inviting Family Room Offers A Cozy Fireplace And Heated Floors, While The Elegant Living And Dining Rooms Provide Ample Space For Entertaining. Main Floor Laundry With Direct Garage Access Adds Everyday Convenience. Hardwood And Porcelain Flooring Flow Throughout The Home. The Luxurious Primary Retreat Features A Large Walk-In Closet, A Spa-Inspired 5-Piece Ensuite, And An Adjacent Private Office-Perfect For Working From Home. A Major Highlight Is The Fully Finished Legal 3-Bedroom Basement Apartment With A Separate Entrance And Spacious 5-Piece Bathroom, Offering Excellent Rental Income Potential. The Current Basement Tenant Pays $$$/Month Plus 20% Of Utilities. Recent Upgrades Include A New Roof, Furnace, Air Conditioner, And Owned Tankless Hot Water System, Providing Peace Of Mind For Years To Come. An Exceptional Opportunity To Own A Beautifully Renovated Home With Income Potential In One Of Scarborough's Most Desirable Neighborhoods. The Basement Is Legally Built And Has 2 Bedrooms And 2 Living Rooms, It Is A Full Unit With A Separate Entrance. Please Use The Side Entrance To Enter Into The Basement Unit. It Is Being Rented Out For $2000. Upper Unit Rented Out For $4500 + Utilities.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $5,618 |
| Lot Size | 44.29 ft x 100.71 ft |
| mls© Number | E13419460 |
| Listed By | HOMELIFE/FUTURE REALTY INC. |
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%
- $7,826
- Property tax
- $468
- Heat allowance
- $150
- Housing costs
- $8,444 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$260,000
gross annual household income
- Payment at 4%
- $6,434 / mo
- Cash down
- $305,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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