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New4 days ago

1566 Venetia Drive

1017 - SW Southwest, Oakville

$1,630,000

Detached|Bungalow
3 | 2 | 8
About this home

Rare opportunity on a premium 75 x 152 ft lot in the sought-after Coronation Park neighbourhood! This brick bungalow offers approx. 2,900+ sq ft of total living space with 3+1 bedrooms and 2 bathrooms. Bright open-concept living/dining, oversized eat-in kitchen, hardwood floors and crown moulding on the main level. Enjoy your private, fully fenced backyard with deck, in-ground pool, and garden shed all on a quiet, family-friendly street. Attached 2-car garage plus private double driveway for 8 total parking spaces. Steps to Bronte Village shops, restaurants, marina, parks, golf, and hospital. This property is being sold under Power of Sale, "as is, where is," with norepresentations or warranties by the Seller or Listing Brokerage as to theproperty, its condition, chattels, fixtures, systems, or the accuracy ofinformation herein. No SPIS. Buyers and Buyer's Agents are advised to independently verify all measurements, taxes, square footage, room sizes, retrofit status, and pool compliance, and to conduct their own due diligence, including inspections, prior to submitting an offer.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$7,570
Lot Size75 ft x 152 ft
mls© NumberW13722144
Listed ByRE/MAX REALTY ENTERPRISES INC.

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%
$8,343
Property tax
$631
Heat allowance
$150
Housing costs
$9,124 / mo

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

Down payment20% · $326,000
25-yr amortization

Income needed

$281,000

gross annual household income

Payment at 4%
$6,859 / mo
Cash down
$326,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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