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Listed 1 month ago

96 Laurel Avenue

Kennedy Park, Toronto

$699,900

Detached|Bungalow
3 | 3 | 2
About this home

Attention First Time Buyer. This Bungalow featuring 3 Bedrooms, Kitchen + Living & 1 full and 1/2 washroom in the main floor. There is separate entrance to a fully furnished basement with a self contained 2 bedroom apartment and a beautifully updated kitchen - perfect for generating rental income or accommodating extended family. Ideal for first-time home buyers, investors, or seniors looking to downsize. This cozy and well-maintained home offers both comfort and versatility. No immediate expense required. The house is located in one of the desirable Scarborough neighborhood near Midland and Danforth Road intersection. School, Banking facilities, grocery stores and parks are all within walking distance. TTC is a 3 minute and GO Train 10 minute walk. He driveway is new and the furnace was changed in 2021 with a 10 years Warranty. Washer-Dryer, Dishwasher, Stove, Refrigerator - all gas appliances Is Where Is

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,408
Lot Size25 ft x 109 ft
mls© NumberE13476450
Listed ByDREAM VALLEY 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%
$3,582
Property tax
$284
Heat allowance
$150
Housing costs
$4,016 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

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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