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Listed 1 month ago

37 LAKE MARGARET Trail

St. Thomas, St. Thomas

$559,900

Detached|Bungalow
2 | 2 | 3
About this home

Welcome to this bright and spacious 2 bedroom + 2 den, 2-bathroom bungalow with an attached garage, located in the highly sought-after Lake Margaret Estates, just steps from scenic walking trails, Lake Margaret, Pinafore Park, schools, shopping, and everyday amenities. This move-in-ready home offers the perfect blend of comfort, functionality, and location.The inviting main floor features a sun-filled living room with soaring cathedral ceilings. The spacious kitchen is complete with refinished white cabinetry, ceramic flooring, a movable centre island, and an adjoining dining area with patio doors leading to a covered deck overlooking the fully fenced backyard-perfect for entertaining or enjoying your morning coffee.The generous primary bedroom offers double closets and cheater ensuite access, while a second bedroom completes the main level.The fully finished lower level significantly expands the living space with a large family room featuring laminate flooring and pot lighting, an additional 2 bedrooms, a 3-piece bathroom, laundry area, and ample storage.Whether you're looking to downsize without sacrificing space or searching for a family-friendly home in one of St. Thomas' most desirable neighbourhoods, this exceptional property is ready to welcome you home. Singles 2018. Furnace 2023, AC (heat pump) 2023, water heater 2024.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$4,321
Lot Size39.7 ft x 109 ft
mls© NumberX13634880
Listed ByTHE REALTY FIRM INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,866
Property tax
$360
Heat allowance
$150
Housing costs
$3,376 / mo

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

Down payment20% · $111,980
25-yr amortization

Income needed

$104,000

gross annual household income

Payment at 4%
$2,356 / mo
Cash down
$111,980

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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