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Listed 1 month ago

55 Hemford Crescent

Banbury-Don Mills, Toronto

$2,178,000

Detached|Bungalow
3 | 2 | 8
About this home

A spectacular opportunity in one of Toronto's most prestigious neighbourhoods. Live in this beautifully updated, charming home or undertake a major renovation, or design and build your dream residence on an extraordinary 15,000+ sq. ft. lot backing directly onto the scenic Don Mills Spur Line Trail. (Please see artist renderings attached.) Nestled on a quiet, highly sought-after crescent surrounded by multi-million dollar homes, this exceptional property offers endless possibilities. The existing home has been tastefully updated and features the rare advantage of a double-car garage plus parking for up to six vehicles. The expansive backyard rivals the area's finest parks, creating an incredibly private setting for family living and outdoor entertaining. Inside, the spacious living and dining rooms are ideal for hosting, while large picture windows fill the home with natural light and frame beautiful views of the lush gardens. Enjoy an outstanding family-friendly lifestyle just moments from top-rated schools, Bond Park (baseball, tennis, soccer), the Don Mills Spur Line Trail (for riding or walking), the public library, and the vibrant Shops at Don Mills. Boutique shopping, Metro, IndigoSpirit, Shoppers Drug Mart, VIP Cineplex, and an exceptional selection of casual and fine dining are all within easy reach. A truly rare offering to secure one of the area's largest lots in a premier location, combining exceptional lifestyle, natural surroundings, and outstanding future potential.

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Got questions?

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$10,113
Lot Size41.74 ft x 192.17 ft
mls© NumberC13503630
Listed ByROYAL LEPAGE SIGNATURE 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%
$11,148
Property tax
$843
Heat allowance
$150
Housing costs
$12,141 / mo

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

Down payment20% · $435,600
25-yr amortization

Income needed

$374,000

gross annual household income

Payment at 4%
$9,165 / mo
Cash down
$435,600

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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