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New5 hours ago

1374 Gainsborough Drive

1005 - FA Falgarwood, Oakville

$1,275,000

Detached|Bungalow-Raised
3 | 4 | 6
About this home

Welcome to 1374 Gainsborough Drive! Beautifully renovated in 2022, this well-maintained, light-filled raised bungalow is nestled in the highly sought-after Falgarwood community of Oakville. Featuring 3 spacious bedrooms on the main floor, 3 bathrooms on the main floor and a bright, open-concept great room with oversized picture windows overlooking the unobstructed park view across the street. Enjoy the updated kitchen, modern flooring, and renovated bathrooms. The primary bedroom offers a walk-in closet and private 3-piece ensuite. The fully finished basement with a separate entrance provides additional living space and excellent flexibility. Step outside to a huge, fully fenced backyard offering exceptional privacy. A detached single-car garage with additional storage shelving completes this fantastic property. Ample parking for up to 5 vehicles. Ideally located steps to Falgarwood Public School, within walking distance to Iroquois Ridge High School, and close to shopping, major highways, parks, and scenic trails. A fantastic opportunity to own a move-in-ready home in an exceptional location!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow-Raised
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$5,446
Lot Size60.01 ft x 125 ft
mls© NumberW14176874
Listed ByRE/MAX EXCELLENCE REAL ESTATE

Listing History

  • 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%
$6,526
Property tax
$454
Heat allowance
$150
Housing costs
$7,130 / mo

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

Down payment20% · $255,000
25-yr amortization

Income needed

$219,000

gross annual household income

Payment at 4%
$5,365 / mo
Cash down
$255,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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