516 Lumberton Crescent
Hurontario, Mississauga
$1,027,000
Beautiful 100% freehold, luxury townhome in prime location; just move in, long 50 ft driveway with built-in double tandem garage, all brick & stone exterior, open concept, beautiful 9 foot ceilings, large chef's style kitchen with granite countertops, stainless steel appliances, crown moulding, newer hardwood floors & newer ceramic floors, professionally painted throughout, new LED pot-lights throughout, walkout Bsmt with potential in-law suite, 4 bathrooms, spacious rooms, large primary's room with 5 piece ensuite bath w/large walk-in closet, family room has a walk-out to deck overlooking large landscaped yard &fully fenced, meticulously maintained, excellent location, quiet neighbourhood, close proximity to Square One SuperMall Shopping Centre, Living Arts Centre, Huron Heights Park, Fairwinds Park, Restaurants, shopping plazas, 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%
- $5,257
- Property tax
- $533
- Heat allowance
- $150
- Housing costs
- $5,940 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$183,000
gross annual household income
- Payment at 4%
- $4,322 / mo
- Cash down
- $205,400
Assumes no other monthly debts · 25-yr amortization
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