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Listed 4 months ago

7123 McMillan Drive

216 - Dorchester, Niagara Falls

$1,089,000

Detached|Bungalow
5 | 4 | 10
About this home

Welcome to 7123 Mcmillan Dr.-- a custom built all brick executive bungalow on a rare 90 X 162 ft.lot , offering exceptional space, extensive reno. and a lower cost of ownership. Renovated top-to-bottom, with energy-efficient upgrades throughout, this carpet-free home features oversized windows, abundant pot lights and a stunning designer kitchen with Gas stove, SS appliances and a large centre island. Major updates include new HVAC system with high efficiency furnace , A/C, heat pump, hot water tank (Owned), windows , doors, upgraded bsmt. insulation, and exterior facia, soffits and lighting etc. Relax year-round in the outdoor hot tub and enjoy a family-friendly neighbourhood, close to parks, schools and shopping with relatively lower property taxes, modern efficiency and premium upgrades already completed, this turn-key home delivers outstanding value and peace of mind.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age51-99
Size2500-3000 sq. ft.
Property Tax$7,018
Lot Size90.18 ft x 162.5 ft
mls© NumberX13229378
Listed ByHOMELIFE LANDMARK REALTY INC.

Listing History

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

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$5,574
Property tax
$585
Heat allowance
$150
Housing costs
$6,309 / mo

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

Down payment20% · $217,800
25-yr amortization

Income needed

$194,000

gross annual household income

Payment at 4%
$4,583 / mo
Cash down
$217,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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