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Listed 1 month ago

164 RIVERBANK Drive

Pefferlaw, Georgina

$489,000

Detached|Bungalow
2 | 1 | 5
About this home

Discover this charming waterfront bungalow at 164 Riverbank Drive in Pefferlaw, offering a tranquil retreat on the Pefferlaw River with direct water access to the water and just a shortboat ride to the stunning Lake Simcoe [three (3) Kilometres South of the southeastern shores] and close to Holmes Point Park. Nestled on just under 0.5 acres of lush landscape, surrounded by trees, this 2-bedroom, 1-bathroom property sits on a peaceful dead-end street, providing privacy and serenity. While it's a fixer-upper, with the right vision, steady hands, and a touch of heart, this home has incredible potential to become a cozy cottage or a year-round residence and with a little love and creativity, your cottage core dream home is within reach, perfect for those seeking a peaceful escape or a permanent lakeside haven and becoming a Pefferlanean!!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. Age51-99
Size< 700 sq. ft.
Property Tax$2,909
Lot Size75 ft x 262.18 ft
mls© NumberN13493958
Listed ByHOMELIFE/MIRACLE REALTY LTD

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%
$2,503
Property tax
$242
Heat allowance
$150
Housing costs
$2,895 / mo

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

Down payment20% · $97,800
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$2,058 / mo
Cash down
$97,800

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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