Price Change$1,599,000
1286 Ontario Street
Brant, Burlington
$1,325,000
Detached|2-Storey
4 | 3 | 4
About this home
Being sold under POWER OF SALE due to mortgage default. "As is, where is". Existing use: Home-Based Business with four rooms rented out. Holding zone designation in place by the City of Burlington to allow for land assembly for future development.
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No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,804 |
| Lot Size | 44 ft x 160 ft |
| mls© Number | W12858000 |
| Listed By | RIGHT AT HOME REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,782
- Property tax
- $484
- Heat allowance
- $150
- Housing costs
- $7,416 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $265,000
25-yr amortization
Income needed
$228,000
gross annual household income
- Payment at 4%
- $5,576 / mo
- Cash down
- $265,000
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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