Listed 2 months ago
216 Wales Crescent
1001 - BR Bronte, Oakville
$1,375,000
Detached|Bungalow
3 | 2 | 2
About this home
Prime location in the heart of Bronte! Steps from the lake. Finished basement, water sprinklers, automatic garage opener. Perfect investment opportunity. Architectural plans available.
Extras
No extras listed.
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No upcoming open houses.
| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,491 |
| Lot Size | 78 ft x 117 ft |
| mls© Number | W13474282 |
| Listed By | ROYAL LEPAGE SIGNATURE 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%
- $7,038
- Property tax
- $458
- Heat allowance
- $150
- Housing costs
- $7,645 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $275,000
25-yr amortization
Income needed
$235,000
gross annual household income
- Payment at 4%
- $5,786 / mo
- Cash down
- $275,000
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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