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New4 hours ago

1583 Otterby Road

Applewood, Mississauga

$969,900

Detached|2-Storey
3 | 2 | 4
About this home

Act Now, Spacious Detached Home In Prime Location Close To All Amenities. Open Concept Main Floor With Combined Living/Dining With Walk Out To Patio, Huge Eat-In Kitchen And Walk Out To Backyard Perfect For Entertaining, 3 Bedrooms On Upper Level Complete With 4 Piece Bathroom, Lower Level Rec Room With Fireplace, Additional Bedroom And 3 Piece Bathroom On The Lower Level, Shopping And Schools Nearby.

Extras

No extras listed.

TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,125
Lot Size52.07 ft x 120.16 ft
mls© NumberW13627086
Listed ByRE/MAX WEST REALTY INC.

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%
$4,964
Property tax
$594
Heat allowance
$150
Housing costs
$5,708 / mo

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

Down payment20% · $193,980
25-yr amortization

Income needed

$176,000

gross annual household income

Payment at 4%
$4,081 / mo
Cash down
$193,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Listing History

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  • No recent lease history for this listing.

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