384 Ashbury Road
1020 - WO West, Oakville
$1,399,000
Incredible Opportunity To Build A Luxury Detached Home In One Of Oakville's Most Desired And High-Demand Neighborhoods. Approved Drawings In Place For Contemporary 2-Story Residences Featuring 4+2 Bedrooms, 7 Washrooms, Spacious Family, Living, Dining, Kitchen, Laundry And Recreation Rooms. Total Floor Area Approx. 5,200 Sq.Ft. which includes 1,916 Sq.Ft. Finished Walkout Basement. Built-In Extended Garage With Backyard Access For Additional Parking, Plus A 6-Car Driveway. Currently Improved With A Bungalow. Prime Location With Easy Access To QEW, Close To Lake Ontario, Appleby College, Go Train, Go Bus, Banks, Grocery Stores And All Essential Amenities. A Rare Chance To Build In A Prestigious Oakville Community.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,161
- Property tax
- $542
- Heat allowance
- $150
- Housing costs
- $7,852 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$242,000
gross annual household income
- Payment at 4%
- $5,887 / mo
- Cash down
- $279,800
Assumes no other monthly debts · 25-yr amortization
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