194 Florence Avenue
Lansing-Westgate, Toronto
$1,250,000
Priced to Sell! You could not Ask for a Better Location! A Short walk to Yonge/Sheppard Subway, Shops, Restaurants and Nightlife. Newly updated 2Bedroom/2 Full Bath Solid Brick Bungalow with Single Car Garage is a great alternative to condo living or as entry level home into this highly desirable area. Either way, this home will offer you a large Living Area along with a Separate Updated Kitchen / Dining Area. There are 2 Good Sized Bedrooms on the main floor and a newly updated 4PC Bathroom. A Separate Side Entrance leads to a High/Bright Basement with a Kitchenette, Large Rec Room, Separate Bedroom and newly updated 4PC bath. Ideal for growing family or to convert to a potential rental suite. This home offers many opportunities to invest, live in/rent out or build your dream home on this premium 40 x 130 foot mature landscaped lot. Steps to top-rated schools, parks, green spaces, places of worship, major highways, and public transit.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $7,790 |
| Lot Size | 40 ft x 130 ft |
| mls© Number | C13838294 |
| Listed By | RE/MAX PLATINUM PIN REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,398
- Property tax
- $649
- Heat allowance
- $150
- Housing costs
- $7,197 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$221,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $250,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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