50' x 200' Corner Lot Severed to Two Lots with 50' x 100' Each in Prestigious "Lakeside Community". Build Your Dream Homes, South Lot with existing Bungalow and Fin. Bsmt Direct Facing Park (Tenant paying $2900 / Month + Utilities by Month to month, Landlord pay internet. ) . North Lot with Existing 1.5 Garage will be demolished due to severed lots, Both Lots Nestled Around New Million-Plus Homes, Can be Built Two Detached Homes or Two 4-Plex. ( Good For Self using + Rental income or Investment, Buyers to do their Own Due Diligence). Steps To Lake/Beach, Paradise Park, Walking Trails, Close to School, Conservation & Hospital, Mins to Shopping & Hwy401 & 412...
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| Type | Detached |
| Style | Other |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $7,010 |
| Lot Size | 50 ft x 200 ft |
| mls© Number | E13759160 |
| Listed By | HOMELIFE LANDMARK RH REALTY |
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%
- $5,118
- Property tax
- $584
- Heat allowance
- $150
- Housing costs
- $5,853 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$180,000
gross annual household income
- Payment at 4%
- $4,208 / mo
- Cash down
- $200,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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