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Listed 2 months ago

1293 Daimler Road

Clarkson, Mississauga

$949,900

Detached|Bungalow-Raised
3 | 2 | 5
About this home

This rare, solid brick, raised bungalow has endless potential. Perfect for first-time buyers who are seeking help in mortgage payments; down-sizers who would like to add some extra income to their pensions; and investors. Bright and clean house, has been well-maintained by the same owners for 40 years. Located in area with excellent schools, parks, walking trails and convenient, short walk- access to GO train, bus, community center and shopping plaza. Just a 20-minute GO ride to downtown Toronto. Situated on a quite street in a family oriented neighborhood. The property offers spacious, private backyard and driveway for 5 cars. It also has a professionally finished basement with a separate entrance. Several options of architectural drawings available for potential additions.

Extras

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,358
Lot Size55 ft x 129.89 ft
mls© NumberW13206636
Listed BySUTTON GROUP QUANTUM REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,862
Property tax
$530
Heat allowance
$150
Housing costs
$5,542 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $189,980
25-yr amortization

Income needed

$171,000

gross annual household income

Payment at 4%
$3,997 / mo
Cash down
$189,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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