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Listed 18 days ago

14 Pennywood Road

Madoc, Brampton

$859,900

Detached|Bungalow
3 | 2 | 4
About this home

Beautifully maintained bungalow situated in a desirable, family-friendly neighbourhood with excellent potential for extended family living or a future 2-bedroom in-law suite. The main floor features a bright and spacious living/dining area with a large bay window, hardwood flooring beneath the carpet, a generous eat-in kitchen with pantry storage, and three well-sized bedrooms. A separate side entrance leads to the finished lower level offering a large recreation room, wet bar, bathroom, two additional rooms with above-grade windows, and plenty of storage. Sitting on an impressive 61-ft frontage with a fully fenced backyard and parking for up to four vehicles. Conveniently located close to schools, shopping, transit and major highways.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,911
Lot Size61.51 ft x 122.68 ft
mls© NumberW13791284
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

  • No recent sale history for this listing.
  • 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%
$4,401
Property tax
$409
Heat allowance
$150
Housing costs
$4,961 / mo

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

Down payment20% · $171,980
25-yr amortization

Income needed

$153,000

gross annual household income

Payment at 4%
$3,619 / mo
Cash down
$171,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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