Listed 8 months ago
3024 Countryside Drive
Vales of Castlemore North, Brampton
$1,999,000
Detached|Bungalow
3 | 3 | 8
About this home
**Attention Investors** Great investment opportunity located in a highly sought-after area in Brampton - Corner of Airport and Countryside Road. Approx. half acre lot and zoning approved for medical building, office building, and much more. Approved for up to 5,000 sq ft, two storey.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $7,564 |
| Lot Size | 208.62 ft x 170.66 ft |
| mls© Number | W12572122 |
| Listed By | RE/MAX REAL ESTATE CENTRE INC. |
Listing History
- No recent sale history for this listing.
- 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%
- $10,232
- Property tax
- $630
- Heat allowance
- $150
- Housing costs
- $11,012 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $399,800
25-yr amortization
Income needed
$339,000
gross annual household income
- Payment at 4%
- $8,412 / mo
- Cash down
- $399,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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