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1027 - CL Clarke, Milton
$1,249,000
Would you love to live in an affordable detached home with a 2 car garage, 7 bedrooms, 4 washrooms and over 3200 sqft of luxury, all located in the highly desirable Clarke neighboorhood of Milton? Welcome to 353 Cedar Hedge Road. This bright and modern home sits on a 36ft wide by 89ft deep lot and features a 2 car garage, a large driveway and a private backyard for entertaining. This home is conveniently located close to many major amentities, such as highways, top rated schools, parks, community centres, libraries, churches, shopping, fine dining, public transit and much more. This modern home has over $100,000 of quality upgrades and premiums which include: 9 foot ceilings, hardwood floors, a gourmet kitchen stainless steel appliances and much more. The one feature of this home that adds the most value is the professionally finished legal basement apartment with separate entrance. This has the potential to generate $2000 per month in rental income for the owner, which makes this home much more affordable.
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 6-15 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,625 |
| Lot Size | 35.99 ft x 88.58 ft |
| mls© Number | W13791358 |
| Listed By | RE/MAX EXPERTS |
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%
- $6,393
- Property tax
- $469
- Heat allowance
- $150
- Housing costs
- $7,012 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$216,000
gross annual household income
- Payment at 4%
- $5,256 / mo
- Cash down
- $249,800
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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