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Listed 3 months ago

1156 Homewood Drive

Mountainside, Burlington

$988,888

Detached|Bungalow
3 | 2 | 6
About this home

Located On A Quiet Street In Burlington's Highly Sought-After Mountainside Neighbourhood, This Solid Brick Bungalow Sits On An Impressive Premium 50 x 175 Ft Lot And Offers Exceptional Flexibility For Families, Investors, Or Multi-Generational Living. Flooded With Natural Light, This East-Facing Home Features 3 Spacious Bedrooms And 1 Bathroom On The Main Level. The Fully Finished Basement Features A Completely Separate Entrance Leading To A Self-Contained In-Law Suite With 2 Bedrooms, 1 Bathroom, A Full Kitchen, Separate Laundry, And A Large Rec Room, Offering Excellent Income Potential Or Additional Living Space For Extended Family. Step Outside To A Large Backyard Perfect For Entertaining, Relaxing, Or Future Possibilities. Conveniently Located Within Walking Distance To Clarksdale Public School And Parks, And Just Minutes To Highways, Transit, Costco, Home Depot, Staples, Shopping, Dining, And Other Major Amenities. Move-In Ready With Endless Potential In A Prime Family-Friendly Location.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,149
Lot Size50 ft x 175 ft
mls© NumberW13124630
Listed ByKING REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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%
$5,062
Property tax
$429
Heat allowance
$150
Housing costs
$5,641 / mo

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

Down payment20% · $197,778
25-yr amortization

Income needed

$174,000

gross annual household income

Payment at 4%
$4,161 / mo
Cash down
$197,778

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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