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Listed 3 months ago

40 Imperial Lakes Drive

Bram East, Brampton

$1,289,900

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

Stunning executive home in the exclusive Riverstone Community offering 4 Br & 5 bath. No house at the front for added privacy. Grand double door (8 Ft) entry leads to a bright combined living and dining area, perfect for entertaining. Spacious eat-in kitchen features quartz countertops, centre island, gas stove, and stainless steel appliances. Enjoy 9 ft smooth ceilings, hardwood floors throughout, elegant wainscoting, pot lights, oak stairs with iron pickets, and gas fireplace. Upgraded bathroom add a modern touch and the home is completely carpet-free. All bedrooms are connected to bathrooms for added convenience. Finished basement with separate entrance offers excellent income or in-law potential.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$9,365
Lot Size45.01 ft x 88.58 ft
mls© NumberW13153088
Listed ByRE/MAX EXCELLENCE REAL ESTATE

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%
$6,602
Property tax
$780
Heat allowance
$150
Housing costs
$7,533 / mo

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

Down payment20% · $257,980
25-yr amortization

Income needed

$232,000

gross annual household income

Payment at 4%
$5,428 / mo
Cash down
$257,980

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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