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New2 hours ago

73 Elma Street

Mimico, Toronto

$2,315,000

Detached|2-Storey
4 | 5 | 2
About this home

The house is what you buy, What happens inside it is what you'll remember. Nearly 4,000 sq.ft.across three finished levels gives you an incredible place for all of it.With 4+1 bedrooms and 6 bathrooms, there's room to gather and, equally important, room todisappear. The main floor is bright and open with wide plank hardwood, soaring ceilings,oversized windows, custom millwork and built in speakers. At its centre is a beautifullyfinished kitchen with Fulgor Milano appliances, an oversized island, full height backsplash andadjoining servery. The family room, anchored by a floor to ceiling porcelain fireplace, opensdirectly to the backyard.Upstairs, the primary suite features a private balcony, walk in closet and 5 piece ensuite withheated floors. A junior suite with its own heated ensuite, plus two additional bedrooms, alaundry room and another heated bathroom complete the second floor.One bedroom doubles as a safe room with a security door. Every window has security film, there's a concealed safe and a backup generator ready when the grid isn't.Downstairs, a fifth bedroom with private ensuite and dedicated theatre make staying home considerably more appealing.Out back, turf means weekends aren't spent mowing, while the hot tub gives you somewhere better to spend them.It has everything you'd expect from a home at this level, and quite a few things you wouldn't, but the best part hasn't happened yet.The house is already here. The memories are still yours to make.

Extras

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age0-5
Size2500-3000 sq. ft.
Property Tax$10,864
Lot Size32.5 ft x 125 ft
mls© NumberW13798028
Listed ByRE/MAX ESCARPMENT 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%
$11,849
Property tax
$905
Heat allowance
$150
Housing costs
$12,905 / mo

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

Down payment20% · $463,000
25-yr amortization

Income needed

$397,000

gross annual household income

Payment at 4%
$9,742 / mo
Cash down
$463,000

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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