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Listed 2 months ago

15040 Highway 48 N/A

Ballantrae, Whitchurch-Stouffville

$1,025,000

Detached|1 1/2 Storey
3 | 1 | 7
About this home

Situated on approximately 1.2 acres, this charming 3-bedroom, 1-bathroom home offers a rare opportunity for investors, builders, or buyers looking to create their dream estate. Located on a spacious lot with excellent frontage and ample room for expansion, the property presents outstanding potential to renovate, enjoy as-is, or build a substantial custom home in a desirable country setting. The home features a functional layout and has benefited from several important improvements over the years, including the replacement of five living and dining room windows in 2012 and a complete roof replacement in 2015, with the existing shingles removed prior to installation. The property is equipped with a 200-amp electrical service and a professionally installed generator transfer panel, allowing for connection of a portable generator when required. The grounds include a former dog kennel building with 100-amp service and three additional sheds, offering a variety of possibilities for storage, hobbies, workshops, home-based businesses, recreational use, or future projects. A lawn-maintenance tractor, along with a snow blower, may be included in the sale. Enjoy the privacy and flexibility of country living while remaining conveniently located within easy access to surrounding communities, major highways, shopping, schools, and everyday amenities. An exceptional opportunity to own a sizeable property with endless possibilities.

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,546
Lot Size159.9 ft x 346.84 ft
mls© NumberN13435812
Listed ByRIGHT AT HOME 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%
$5,246
Property tax
$379
Heat allowance
$150
Housing costs
$5,775 / mo

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

Down payment20% · $205,000
25-yr amortization

Income needed

$178,000

gross annual household income

Payment at 4%
$4,313 / mo
Cash down
$205,000

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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