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Listed 16 days ago

17 River Heights Drive

Brampton East, Brampton

$1,099,999

Detached|2-Storey
4 | 5 | 6
About this home

Gorgeous Detached Home In Prime Castlemore Area. 4+2 Bedrooms & 5 Bathrooms. Double Door Entry, Large Principal Room ,Big Breakfast Area,Walkout To Backyard. Master Bedroom 5Pc Ensuite,Large W/I Closet. All Bedrms Attchd To Washrooms. Separate Entrance, Kitchenette In The Basement, Inground Sprinkler System, New Furnace(2022). Solar Panels, The Owner Gets Yearly Payment At A Percentage Amount, Buyer To Assume Agreement. Photos may not reflect the current condition. Property is sold as is!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$8,824
Lot Size40 ft x 118 ft
mls© NumberW14109388
Listed BySUTTON GROUP - SUMMIT 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%
$5,630
Property tax
$735
Heat allowance
$150
Housing costs
$6,516 / mo

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

Down payment20% · $220,000
25-yr amortization

Income needed

$200,000

gross annual household income

Payment at 4%
$4,629 / mo
Cash down
$220,000

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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