Listed 2 months ago
38 Grand Valley Drive
Northgate, Brampton
$659,000
Detached|2-Storey
3 | 1 | 2
About this home
BEING SOLD UNDER POWER OF SALE "AS IS, WHERE IS" DUE TO MORTGAGE DEFAULT. 2 STOREY DETACHED HOME IN NORTHGATE COMMUNITY. FAMILY FRIENDLY CUL-DE-SAC. RENOVATION REQUIRED. BUYER TO DO THEIR OWN DUE DILIGENCE.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,000 |
| Lot Size | 41.9 ft x 60.86 ft |
| mls© Number | W13438738 |
| Listed By | RIGHT AT HOME REALTY |
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%
- $3,373
- Property tax
- $333
- Heat allowance
- $150
- Housing costs
- $3,856 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $131,800
25-yr amortization
Income needed
$119,000
gross annual household income
- Payment at 4%
- $2,773 / mo
- Cash down
- $131,800
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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