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New3 hours ago

45 Redwater Drive

Rexdale-Kipling, Toronto

$849,000

Detached|Bungalow
3 | 2 | 4
About this home

Welcome to 45 Redwater Dr, a detached bungalow in the Rexdale-Kipling west Humber- Clairsville area. With 5 bedrooms and 2 bathrooms: 3 bedrooms on the main floor plus a finished 2-bedroom basement apartment. A 45 x 112 ft lot. main floor features a new kitchen, hardwood flooring, large windows, and access from the primary bedroom to the patio. The finished basement apartment has its own kitchen, living area, two bedrooms and laundry, making it suitable for extended family or rental income.4 private parking spaces. A major backing onto a park, providing a more private setting with no immediate rear neighbours. The long park nearby provides a convenient neighbourhood green space. Islington Ave bus service is nearby, including connections toward the parts of Etobicoke and Toronto. Local shops are within walking distance, with Fresh Value listed about a 6-minute walk, Tim Hortons, McDonald's, Mr. Sub, and Golden Gate Restaurant nearby. Hwy access to the 409 is approx. 4 min away. St. Stephen elementary, the elms elementary, Monsignor Parcy Johnson secondary and others nearby. The area is also nearby parks/recreation facilities, childcare, grocery stores, and so much more! 45 Redwater Dr is attractive for family, investors due to the layout: 5 bedrooms and a separate basement, 4-car-parking spots, park-facing backyard and proximity to shopping and transit access. Don't miss this one!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,622
Lot Size45 ft x 112 ft
mls© NumberW13795804
Listed ByROYAL LEPAGE IGNITE 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%
$4,346
Property tax
$302
Heat allowance
$150
Housing costs
$4,797 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $169,800
25-yr amortization

Income needed

$148,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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