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New3 days ago

344 Steeles Avenue E

Bayview Glen, Markham

$2,899,000

Detached|Sidesplit 3
6 | 4 | 10
About this home

Prime Development Opportunity! Huge 121' x 150' lot in prestigious Bayview Glen. Renovated home with approx. 3000 sq.ft. above ground. Adjacent property (338 Steeles Ave E) also available, for a combined 242' x 150' parcel. Neighbouring lots at 330 & 336 Steeles Ave E have been approved for 17 double-car garage townhomes***exceptional redevelopment potential***

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleSidesplit 3
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$10,612
Lot Size121.1 ft x 150 ft
mls© NumberN13628812
Listed ByAIMHOME REALTY INC.

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$14,838
Property tax
$884
Heat allowance
$150
Housing costs
$15,873 / mo

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

Down payment20% · $579,800
25-yr amortization

Income needed

$488,000

gross annual household income

Payment at 4%
$12,199 / mo
Cash down
$579,800

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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