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New2 days ago

1359 Mountain Grove Avenue

Mountainside, Burlington

$777,000

Detached|Bungalow
3 | 2 | 3
About this home

Solid brick 3 bedroom, 1.5 bathroom bungalow situated in mature, sought after Burlington locale. Sprawling 50 x 150 sloping, ravine style lot. Tremendous opportunity to get into a detached home with minimal work required.Being sold "AS IS, WHERE IS" Seller makes no representations and/or warranties of the property.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,479
Lot Size50 ft x 150.02 ft
mls© NumberW13770066
Listed ByROYAL LEPAGE STATE REALTY

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,977
Property tax
$373
Heat allowance
$150
Housing costs
$4,500 / mo

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

Down payment20% · $155,400
25-yr amortization

Income needed

$138,000

gross annual household income

Payment at 4%
$3,270 / mo
Cash down
$155,400

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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