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1 - 2472 Post Road
1015 - RO River Oaks, Oakville
$596,000
Fabulous 2 Bedroom 2 Bathroom Corner Unit With Over 1000 sf Located in a Family Oriented Neighborhood--Oakville uptown Core (6th line & Dundas). In high Ranking School Boundary. Spacious Living Room W South Viewing Balcony. Wood Floor. Large Kitchen W 5 piece Appliances. Extra Windows Bring ton of Natural Light. Laundry on 2nd floor. Parking and Locker are included. EV Chargers are available in the Garage. Easy access to QEW & 407. Walking distance to amenities such as the River Oakes Community Centre. Close to Sheridan College, Oakville Hospital, Walmart, LCBO, Parks, Banks and Shopping malls.
No extras listed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,051
- Property tax
- $258
- Heat allowance
- $150
- Condo fees, half counted
- $182
- Housing costs
- $3,640 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$112,000
gross annual household income
- Payment at 4%
- $2,508 / mo
- Cash down
- $119,200
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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