40 MacDonald Street
Mimico, Toronto
$1,399,000
Excellent Development Potential in Highly Coveted Mimico. Rare 50 x 125 Ft Lot in One of the City's Most Vibrant Lakeside Communities. Effortless Stroll to Mimico Go Station, Lake Ontario and Top Tier Schools. This Huge 4 Level Backsplit Features 4 Bedrooms, 4 Bathrooms, Cathedral Ceiling in Entry & Foyer, Separate Entrance to Lower Levels with Walkout at Grade, Huge Above Grade Family Room, Replaced Oak Hardwood Floors & Stairs in LR, DR & Family Room. Roof 2018, Solid Double Garage with Large Loft Area, Double Drive-way. Renovate to Build Your Ultimate Custom Dream Home or Apply to Sever and Build Two! This property offers many Opportunities in a Highly Desirable Neighbourhood
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 51-99 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,765 |
| Lot Size | 50 ft x 125 ft |
| mls© Number | W13560268 |
| Listed By | ROYAL LEPAGE TERREQUITY REALTY |
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%
- $7,161
- Property tax
- $647
- Heat allowance
- $150
- Housing costs
- $7,958 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$245,000
gross annual household income
- Payment at 4%
- $5,887 / mo
- Cash down
- $279,800
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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