1118 Melvin Avenue
1011 - MO Morrison, Oakville
$2,500,000
Prime Morrison location on a quiet, tree lined street just off Chartwell Road. Easy walk to St Mildred's and Linbrook Schools. Large .31 acre lot with rare 135' lot frontage to allow for maximum design flexibility. Spacious 3 Bedroom bungalow with double garage requires significant updating. Ideal location close to Downtown Oakville, parks, waterfront trails, top rated Public and Private Schools, Whole Foods Market, Longo's, Starbucks and GO Train.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,972 |
| Lot Size | 135 ft x 100 ft |
| mls© Number | W13154690 |
| Listed By | Royal LePage Real Estate Services Ltd., Brokerage |
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%
- $12,796
- Property tax
- $748
- Heat allowance
- $150
- Housing costs
- $13,694 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$421,000
gross annual household income
- Payment at 4%
- $10,520 / mo
- Cash down
- $500,000
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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