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Southgate, Brampton
$699,000
Semi-detached on paper, detached in every way you'll feel it. Offered for only the second time, 40 Doncaster Drive has the presence, layout and light of a fully detached home. Windows on three sides fill this 4-bedroom, 2-storey home with natural light. Hardwood floors run through the main and upper levels. The living room includes an office nook, an easy setup for working from home. A separate formal dining room gives you a dedicated space for hosting. Upstairs, the primary bedroom overlooks white blossoms every spring, and four bedrooms give a growing family room to settle in for the long term. Located in Brampton's Southgate community, where homes, schools, parks and plazas make life convenient. Close to elementary, middle and high schools with French Immersion options. Minutes to Bramalea City Centre, Bramalea GO and major highways.. A mature, established neighbourhood with tree-lined streets and a strong sense of community.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,578
- Property tax
- $378
- Heat allowance
- $150
- Housing costs
- $4,106 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$126,000
gross annual household income
- Payment at 4%
- $2,942 / mo
- Cash down
- $139,800
Assumes no other monthly debts · 25-yr amortization
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