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New3 hours ago

2014 Balsam Avenue

Clarkson, Mississauga

$1,400,000

Detached|2-Storey
4 | 2 | 6
About this home

Located in the sought-after Lorne Park School District, this renovated five-bedroom detached home offers bright, open-concept living with hardwood flooring and abundant natural light. The modern kitchen features black stainless steel appliances, elegant countertops and a stylish backsplash. Two main-floor bedrooms and two additional bedrooms upstairs provide a versatile layout. The fully finished basement apartment features a private, covered separate side entrance, offering additional living space for extended family. Set on an expansive 75 x 129 ft lot, the property includes two separate driveways, a spacious detached garage and a covered patio overlooking the generous backyard. Steps from Clarkson GO Station and conveniently close to highways, schools, parks and shopping. *For Additional Property Details Click The Brochure Icon Below*

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,648
Lot Size75 ft x 129 ft
mls© NumberW14092264
Listed ByICI SOURCE REAL ASSET SERVICES INC.

Listing History

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What the bank counts

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

Mortgage, tested at 6%
$7,166
Property tax
$637
Heat allowance
$150
Housing costs
$7,953 / mo

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

Down payment20% · $280,000
25-yr amortization

Income needed

$245,000

gross annual household income

Payment at 4%
$5,891 / mo
Cash down
$280,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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