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Listed 3 months ago

22 Rice Drive

Schomberg, King

$1,325,000

Detached|Bungalow
3 | 2 | 7
About this home

Chances like this rarely come up in Schomberg. Not only do you get a charming bungalow, but it is situated on a private 74' x 200' lot complete with inground pool. As an added bonus it is walking distance to the shops, restaurants, and cafes on Main Street. This immaculate home has been reno'd to an open concept living room, dining room, and kitchen with a massive island. Entertaining in this home is a dream. In the winter, the living room wood burning fireplace offers just that needed warmth and in the summer the walkout to a deck and the pool area gives guests ample area to eat and relax. The residence also has 3 bedrooms on the main level as well as an additional one in the finished lower level. The large family room on this level is bright and cozy with its own gas fireplace. Do not miss this opportunity to live in Schomberg!

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,581
Lot Size74.97 ft x 200.1 ft
mls© NumberN13112716
Listed ByROYAL LEPAGE RCR REALTY

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%
$6,782
Property tax
$465
Heat allowance
$150
Housing costs
$7,397 / mo

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

Down payment20% · $265,000
25-yr amortization

Income needed

$228,000

gross annual household income

Payment at 4%
$5,576 / mo
Cash down
$265,000

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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