178 Wheat Boom Drive
1008 - GO Glenorchy, Oakville
$1,049,000
Spacious Great Gulf Townhome "Keller" Model Approx 2109 Sq Ft In The Preserve. End Unit with 2 car garage. Close To Shops,Restaurants and Highways. Generous Living Rm/Dinning Rm, With Quality Laminate Floors. Modern Kitchen With Granite Island with breakfastBar & W/O To Deck. Primary Retreat With Lovely Ensuite and large walk in closet. 2 Additional Large Bedrooms and laundry room.
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%
- $5,369
- Property tax
- $425
- Heat allowance
- $150
- Housing costs
- $5,944 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$183,000
gross annual household income
- Payment at 4%
- $4,414 / mo
- Cash down
- $209,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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