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Listed 2 months ago

311 Conley Street

Lakeview Estates, Vaughan

$1,399,000

Detached|2-Storey
4 | 4 | 6
About this home

Are you looking to buy a home but don't want to stress about mortgage payment? This one may be your best shot!! 311 Conley St nestled in one of Vaughan's most sought-after neighborhoods, this beautifully renovated home offers the perfect blend of style, space, and smart investment. Located in the heart of Thornhill, this sun-filled detached 2 garages home boasts approximately 2,200 sq ft above ground, plus a completely finished basement apartment with 3 bedrooms, a full kitchen, bathroom, and a separate entrance from garage currently generating an impressive $3,500/month in rental income! Live mortgage-free while enjoying your own privacy and comfort. Renovated top to bottom, this home features a new roof, skylight, garage door, XL quartz tile flooring, pot lights throughout, and a partitioned family room with a modern electric fireplace easily convertible to a guest suite or home office. The stunning gourmet kitchen is the heart of the home, showcasing an oversized quartz island, stylish finishes, and abundant storage. A brand-new powder room adds both convenience and luxury. Upstairs, you'll find 4 spacious bedrooms, perfect for growing or multi-generational families. Unbeatable location! Walking distance to public transit, top-rated schools, grocery stores, shopping malls, restaurants, and so much more. Homes like this don't come around often whether you're looking to move in, invest, or both, this one checks all the boxes.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,611
Lot Size30.06 ft x 103.45 ft
mls© NumberN13461134
Listed ByRE/MAX EXCEL REALTY LTD.

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%
$7,161
Property tax
$468
Heat allowance
$150
Housing costs
$7,778 / mo

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

Down payment20% · $279,800
25-yr amortization

Income needed

$239,000

gross annual household income

Payment at 4%
$5,887 / mo
Cash down
$279,800

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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