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New18 hours ago

525 Lynett Crescent

Crosby, Richmond Hill

$998,000

Detached|Bungalow
3 | 2 | 4
About this home

Rare Upgraded Bungalow on a 56.67' x 100' Lot! One of the few bungalows in the area with expanded main-floor living space and a desirable layout, offering approximately 2,600 sq. ft. of total living area. Situated within highly sought-after school zones, including top-ranked Bayview Secondary School, Crosby Heights Public School, and Beverly Acres French Immersion School. Enjoy the convenience of being just steps from parks and public transit, and only minutes drive to the GO Station, Costco, Walmart, FreshCo, and major highways. The main floor features two bright living rooms with bay windows. One living room offers direct access to the backyard, allowing guests to enjoy fresh air without passing through the bedrooms, a rare and thoughtful layout not found in most similar homes. The finished basement offers abundant natural light and a private separate entrance. Historically, similar basements in the area have rented for $1,700-$2,000 per month. It includes three bedrooms, a 3-piece bathroom, a full second kitchen, above-grade windows, and a large living area complete with a cozy gas fireplace. The large backyard is a true oasis, perfect for family gatherings, childrens play, barbecues, and enjoying fresh fruit from the garden. This home is an ideal choice for families, investors, or builders, with excellent potential for future development. ***Photos have been virtually staged and enhanced. Actual condition and appearance of the property may vary.***

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agent
Mahta Nourbakhsh
(416) 953-9580
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$6,360
Lot Size56.67 ft x 100 ft
mls© NumberN13811586
Listed ByZOLO REALTY

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%
$5,108
Property tax
$530
Heat allowance
$150
Housing costs
$5,788 / mo

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

Down payment20% · $199,600
25-yr amortization

Income needed

$178,000

gross annual household income

Payment at 4%
$4,200 / mo
Cash down
$199,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

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