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Pefferlaw, Georgina
$489,000
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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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | < 700 sq. ft. |
| Property Tax | $2,909 |
| Lot Size | 75 ft x 262.18 ft |
| mls© Number | N13493958 |
| Listed By | HOMELIFE/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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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