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Blue Grass Meadows, Whitby
$849,900
POSITIVE CASH FLOW PROPERTY, YES, YOU HEARD THAT RIGHT! Exceptional opportunity for homeowners and investors! This versatile Whitby detached bungalow on a rare 62-ft-wide lot generates $5,200/month in total rental income, including $2,800/month from the basement alone. First-time buyers can live upstairs and potentially enjoy almost mortgage-free living while benefiting from substantial rental income from the lower level. Great tenants already in place!The main level offers a spacious living room, kitchen, 4-piece bathroom and convenient powder room. The lower level provides excellent income potential and flexibility for extended family or additional living space. Step outside to a large deck and expansive backyard, perfect for entertaining, relaxing and family enjoyment.LOCATION, LOCATION, LOCATION! Enjoy public transit right at your doorstep, Whitby Mall and grocery stores within walking distance, and Highway 401 less than 1 minute away. Close to parks, schools, shopping, restaurants and everyday amenities.Whether you're an investor seeking strong rental income or a first-time buyer looking to reduce your housing costs, this property offers income, flexibility and an unbeatable location! While living Almost Mortgage Free.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,074 |
| Lot Size | 62.25 ft x 120.5 ft |
| mls© Number | E13804712 |
| Listed By | CENTURY 21 INNOVATIVE 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%
- $4,350
- Property tax
- $423
- Heat allowance
- $150
- Housing costs
- $4,923 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$151,000
gross annual household income
- Payment at 4%
- $3,577 / mo
- Cash down
- $169,980
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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