30 photos

Highlight

Year Built

Days of On-Site Use

Property Type

Single Family Home

Price per Sqft

Car Garage

2.0

Open House

Sat Aug 22, 1:00pm - 4:00pm

Sun Aug 23, 1:00pm - 4:00pm

Sat Aug 29, 1:00pm - 4:00pm

Sun Aug 30, 1:00pm - 4:00pm

Property Details

Key Details

Sub Type

Detached

Listing Status

Active

Purchase Type

For Sale

Approx. Sqft

1500-2000

Subdivision

Ailsa Craig

MLS Listing ID

X13650700

Style

Bungalow

Bedrooms

Tax Year

2025

Property Sub-Type

Detached

Location

Province

County

Middlesex

Area

Middlesex

Zoning

R1-19

Rooms

Basement

Unfinished

Kitchen

Interior

Interior Features

Sump Pump, Water Heater Owned, On Demand Water Heater

Cooling

Central Air

Inclusions

Refrigerator, Stove, Dishwasher, Washer & Dryer

Exterior

Exterior Feature

Porch

Parking Features

Attached

Pool

None

Roof Type

Asphalt Shingle

Total Parking Spaces

Building

Foundation

Poured Concrete

Lited by CENTURY 21 FIRST CANADIAN CORP.

Purchase & mortgage inputs

Purchase price $650,000

First-time home buyer

New construction / new build

Property is in the City of Toronto (adds Toronto MLTT)

Down payment 10% · $65,000

Minimum required for this price: 5% on the first $500,000, 10% on the remainder.

Interest rate (contract) 4.99%

Amortization 25 yrs

Property taxes, annual $4,200

Heating, annual $1,800

Condo fees, monthly $0

Only 50% of condo fees count toward GDS/TDS.

Other monthly debt payments $400

Car loans, credit cards, student loans, other credit obligations.

Household annual income, optional $0

Enter this to check pass/fail against required income. Leave at 0 to just see what's required.

Other closing costs $2,000

Legal fees, title insurance, home inspection, adjustments.

Qualification & closing costs

Conventional (uninsured)

Loan amount

Total mortgage (incl. premium)

Monthly payment (contract rate)

Monthly qualifying payment

Stress-test qualifying rate (MQR)0.00%

GDS ratio (at qualifying rate)0.0%

TDS ratio (at qualifying rate)0.0%

Insurance premium rate—

Insurance premium$0

Ontario PST on premium (8%, cash)$0

Ontario land transfer tax$0

Ontario first-time buyer rebate$0

Toronto municipal land transfer tax$0

Toronto first-time buyer rebate$0

Total cash needed to close$0

For information purposes only. This calculator reflects publicly available federal and Ontario mortgage rules as of mid-2026 and does not constitute financial, legal, tax or mortgage advice. Confirm current rules and your actual qualification with a licensed mortgage professional or lender before making a decision.

Minimum down payment: 5% on the first $500,000, 10% on the portion from $500,000 to $1.5 million. Properties at or above $1.5 million require at least 20% down and cannot be insured.
Maximum insured amortization is 25 years, or 30 years if you are a first-time buyer or purchasing a new build. Insured mortgages also require a minimum credit score of 600 and a traditional (non-borrowed) down payment source.
The stress test qualifying rate is the greater of your contract rate + 2%, or the 5.25% regulatory floor.
GDS (39%) and TDS (44%) are standard insurer guidelines; individual lenders may apply different limits, especially for conventional (uninsured) mortgages.
Land transfer tax figures use current Ontario and Toronto marginal rate schedules and standard first-time buyer rebates. Other municipalities in Ontario do not currently levy a municipal land transfer tax.

Prepared by Navjot Singh.

Nearby Locations

GET MORE INFORMATION

Navjot Singh

REALTOR® | License ID: 5027745

+1(519) 505-5832 | navjot@teammosaic.ca

Residential mortgage & income qualification calculator