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Listed 2 months ago

117 Romfield Circuit

Royal Orchard, Markham

$1,239,999

Detached|Bungalow
3 | 2 | 3
About this home

Welcome to Spacious 3+2 Bedroom Bungalow with Walkout Basement in Prestigious Royal Orchard Rare opportunity to own a spacious and versatile 3+2 bedroom bungalow in the highly sought-after Royal Orchard community, ideally located just off Bayview Avenue. This well-maintained home offers a bright, functional layout with generously sized principal rooms, perfect for comfortable family living. The fully finished walkout basement features 2 bedrooms, a kitchen, and a full bathroom, making it ideal for an in-law suite, multi-generational living, or potential rental income. Separate access to the lower level adds flexibility and convenience. Situated on a desirable lot in a prime location, this home is close to top-rated schools, parks, golf courses, shopping, restaurants, public transit, and major highways. Enjoy the convenience of urban amenities while living in one of the area's most established and family-friendly neighborhoods. A fantastic opportunity for families, investors, and builders a like-don't miss your chance to own in prestigious Royal Orchard!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,805
Lot Size45 ft x 175 ft
mls© NumberN13460372
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%
$6,347
Property tax
$484
Heat allowance
$150
Housing costs
$6,981 / mo

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

Down payment20% · $248,000
25-yr amortization

Income needed

$215,000

gross annual household income

Payment at 4%
$5,218 / mo
Cash down
$248,000

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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