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New3 days ago

3152 Countryside Drive

Vales of Castlemore North, Brampton

$5,938,450

Detached|Bungalow
2 | 1 | 7
About this home

Rare Castlemore Development Opportunity! Approx. 1.86 acres with potential for up to 10 premium residential lots on a proposed cul-de-sac, with impressive frontages of up to approx. 65 ft. Approximately half of the proposed lots may back onto ravine/green space, offering privacy and an exceptional setting for luxury custom homes.Ideal for builders, investors or end-users looking to secure a large custom-home lot in prestigious Castlemore. Lot severance application is currently in the final approval stages. Existing residential bungalow on site.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$11,005
Lot Size300.53 ft x 246.54 ft
mls© NumberW13705320
Listed ByWHITE ROCK COMMERCIAL REALTY INC

Listing History

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  • 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%
$30,396
Property tax
$917
Heat allowance
$150
Housing costs
$31,463 / mo

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

Down payment20% · $1,187,690
25-yr amortization

Income needed

$968,000

gross annual household income

Payment at 4%
$24,990 / mo
Cash down
$1,187,690

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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