Listed 10 days ago
63 Lord Simcoe Drive
Westgate, Brampton
$1,300,000
Detached|2-Storey
4 | 4 | 4
About this home
Well Kept 4 Bedroom Detached Home With Legal Basement Apartment Registered With The City Of Brampton. Corner Lot With Lots Of Natural Light. Separate Living, Dining And Family Room. Extra Large Driveway And Double Car Garage.
Extras
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,447 |
| Lot Size | 40.39 ft x 113.75 ft |
| mls© Number | W13605674 |
| Listed By | ROYAL LEPAGE PLATINUM 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%
- $6,654
- Property tax
- $537
- Heat allowance
- $150
- Housing costs
- $7,341 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $260,000
25-yr amortization
Income needed
$226,000
gross annual household income
- Payment at 4%
- $5,471 / mo
- Cash down
- $260,000
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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