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New Toronto, Toronto
$1,699,000
Welcome to 47 Eighth Street, a newer detached home in the heart of New Toronto, just a short walk from the lake. Built within the last five years, this 3-bedroom, 4-bathroom home offers a bright, modern layout with plenty of natural light and a great use of space. The main living area features impressive 14-ft ceilings, hardwood floors, a skylight and glass railings, while the kitchen offers full-size cabinetry and plenty of room for everyday living and entertaining. Upstairs are three bedrooms and convenient second-floor laundry. The finished basement adds valuable extra living space along with a full bathroom. Sitting on a 25 x 125 ft lot with a built-in garage and private drive, this is a great option for buyers looking for a newer detached home without leaving the city. Close to the waterfront, parks, schools, shops, restaurants and transit, with easy access to the Gardiner and downtown Toronto.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 0-5 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,149 |
| Lot Size | 25 ft x 125 ft |
| mls© Number | W13804872 |
| Listed By | CENTURY 21 ATRIA 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%
- $8,696
- Property tax
- $679
- Heat allowance
- $150
- Housing costs
- $9,525 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$293,000
gross annual household income
- Payment at 4%
- $7,150 / mo
- Cash down
- $339,800
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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