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3 - 1516 Lancaster Drive
1005 - FA Falgarwood, Oakville
$689,888
Spacious and updated condo townhome in the highly sought-after Falgarwood community! Backing onto a beautiful park and playground, this immaculate home features neutral décor, a private backyard, and a bright open-concept layout perfect for modern living. The professionally refinished interior includes an updated kitchen with granite countertops, breakfast bar, stainless steel appliances, and top-of-the-line washer and dryer. The finished basement offers additional living space and a convenient extra bathroom, making it ideal for growing families, first-time buyers, or those seeking a low-maintenance lifestyle. Enjoy a 2-car driveway, low condo fees, and a prime Oakville location just steps to parks, schools, shopping, transit, and all amenities. A fantastic opportunity for first-time buyers or investors. Move-in ready and a must-see!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,531
- Property tax
- $251
- Heat allowance
- $150
- Condo fees, half counted
- $238
- Housing costs
- $4,169 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$128,000
gross annual household income
- Payment at 4%
- $2,903 / mo
- Cash down
- $137,978
Assumes no other monthly debts · 25-yr amortization
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