1627 Middleton Street
Brock Ridge, Pickering
$1,089,000
Power of Sale - Attention All Renovators, Contractors, Builders, and Investors! Spacious All brick home located on a large pie-shaped lot w/ walk-out basement, in the executive neighbourhood of Brock Ridge, Pickering. This home is perfect as a single or dual family home, with an additional 2 apartment set-up with direct walk-out. The home has undergone some floor plan reconfiguration, keep as is, restore, or redesign. Currently set-up with wheelchair access via main floor den. Perfect location with easy access to highways 401/407, parks and walking trails, shopping, transit, and good schools.
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,574
- Property tax
- $793
- Heat allowance
- $150
- Housing costs
- $6,517 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$201,000
gross annual household income
- Payment at 4%
- $4,583 / mo
- Cash down
- $217,800
Assumes no other monthly debts · 25-yr amortization
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