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Listed 10 months ago

10 Banks Drive

Vales of Castlemore, Brampton

$939,000

Detached|Bungalow
2 | 2 | 3
About this home

Rarely offered Spacious 2 bedroom brick Bungalow in sought after Vales of Castlemore !!! The Spectacular floor plan featuring a huge open concept Great room and Living room combination with 9 foot ceilings throughout, perfect for large Family get togethers or Entertaining. The large kitchen and breakfast area boasts ample cabinetry and storage, plenty of counter area and a walkout to the private fully fenced yard. A double door entry leads to a huge primary bedroom boasting corner gas fireplace and a private 5 piece ensuite bath along with a large walk in closet. The 2nd bedroom is equally spacious and bright and also features a large closet. The massive unspoiled basement with high ceilings and large above ground windows offers an opportunity for many future uses including additional bedrooms, a recreation area, workshop or crafts room or even the potential for a self contained suite or apartment with separate entry with minimal reworking of the front entrance. This lovely home is surrounded by Luxury detached multi million dollar properties making it a tremendous value!!! Easy access to shopping, transit, highways and so much more!!!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$7,012
Lot Size54.52 ft x 82.35 ft
mls© NumberX12439782
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,806
Property tax
$584
Heat allowance
$150
Housing costs
$5,541 / mo

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

Down payment20% · $187,800
25-yr amortization

Income needed

$170,000

gross annual household income

Payment at 4%
$3,951 / mo
Cash down
$187,800

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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