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Madoc, Brampton
$1,259,900
//Backing On To Lake & Walk-Out Finished Basement// Welcome To The Beauty Of Lakeland Village! This Absolutely Stunning 4-Bedrooms Home Offers A Breathtaking View Of The Community's Scenic 14-Acre Lake Directly Behind The Property! Separate Living, Dining & Family Rooms! Rare To Find Open To Above Family Room With 17 Feet High Ceiling* Family Size Kitchen With Brand New Kitchen Doors & Newer Counter-Top! View Of Lake From Master Bedroom !! 4 Spacious Bedrooms! Updated Upstairs Washrooms Counter-Top & Sinks! **Carpet Free House! Double Sink In Common Washroom! Amazing Opportunity To Own This Dream House !! Loaded With Upgrades !! Hardwood Floor In Main Level & Hardwood Staircase!! Finished Walk-Out Basement With Bedroom, Full Washroom, Kitchen, Living Room & Separate Entrance!! Walk/Out To Wood Deck With View Of Lake. Shows 10/10*
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,449
- Property tax
- $674
- Heat allowance
- $150
- Housing costs
- $7,273 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$224,000
gross annual household income
- Payment at 4%
- $5,302 / mo
- Cash down
- $251,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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