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Morningside, Toronto
$729,000
Excellent opportunity to own a fully detached 4 bedroom home on a premium 45 x 125 ft lot in one of Scarborough's most thriving and established communities. This all brick raised bungalow offers incredible potential with a bright open concept layout, tasteful upgrades, large principal rooms, and a separate entrance to the spacious basement, ideal for an in-law suite or future apartment conversion. The peaceful backyard creates the perfect setting for entertaining or relaxing all summer long. Fantastic location close to TTC, Hwy 401, schools, parks, shopping, University of Toronto Scarborough Campus, Centennial College, and all major amenities. A great opportunity for first-time buyers, investors, renovators, or growing families alike!
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,861 |
| Lot Size | 45 ft x 125 ft |
| mls© Number | E13588360 |
| Listed By | RE/MAX HALLMARK REALTY LTD. |
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%
- $3,731
- Property tax
- $322
- Heat allowance
- $150
- Housing costs
- $4,203 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$129,000
gross annual household income
- Payment at 4%
- $3,068 / mo
- Cash down
- $145,800
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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