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Listed 25 days ago

4061 Medland Drive

Rose, Burlington

$979,900

Freehold Townhouse|2-Storey
3 | 4 | 3
About this home

Edging on the Millcroft community this gorgeous freehold townhome with 10 feet ceilings and ravine lot is ready for immediate possession. This home boasts an open concept design, featuring hardwood, floors, ceramic tile and columns that add beauty to the high ceilings. Coffered ceilings add charm to the room. Main floor is all one floor and walks out to patio. Kitchen is open and has custom cabinetry it also includes a pantry. Gas fireplace in a oversized family/great room is perfect for those long winter days. The primary suite has a large walk-in closet and its own ensuite. 2 additional bedrooms, bathroom and laundry on second floor are generous sizes and have a cozy feel. Lower level is finished with a great space to convert to your own gym, gaming area, or use as a second great room. Lower level is a walkout and walks out to deck with breath taking ravine views.

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BrokerHub Inc.
(647) 254-1864
TypeAtt/Row/Townhouse
Style2-Storey
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$5,276
Lot Size20.01 ft x 129.59 ft
mls© NumberW13819808
Listed ByZUMIN REAL ESTATE CENTRE

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$5,016
Property tax
$440
Heat allowance
$150
Housing costs
$5,605 / mo

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

Down payment20% · $195,980
25-yr amortization

Income needed

$172,000

gross annual household income

Payment at 4%
$4,124 / mo
Cash down
$195,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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