58 Kingsmere Crescent
Northwood Park, Brampton
$979,000
*Great opportunity for homeowners and investors! Spacious 4+3 Bedroom Bungalow with Legal Basement & Inground Pool! Main floor features 4 bedrooms, 2 full baths, living/dining area & kitchen. Lower level has secondary dwelling Legal 3-bedroom basement apartment with side entrance offers 2 full baths & excellent rental. Currently generating approx. $7,000/month rental income. Numerous updates include newer windows, fresh paint/trim, 2019 roof, 2019 garage door, 2020 gutter guards, updated electrical panel. Enjoy the private 16' x 32' inground concrete pool, Pool Repainted In 2022. Pool Pump 2013. large backyard and 7 parking spaces (6 driveway + 1 garage). Spacious lot with potential for future garden suite, subject to approvals. Close to schools, parks, shopping & amenities. Must see!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,693 |
| Lot Size | 52 ft x 150 ft |
| mls© Number | W13788040 |
| Listed By | RE/MAX GOLD REALTY INC. |
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- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,011
- Property tax
- $558
- Heat allowance
- $150
- Housing costs
- $5,719 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$176,000
gross annual household income
- Payment at 4%
- $4,120 / mo
- Cash down
- $195,800
Assumes no other monthly debts · 25-yr amortization
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