16365 Bathurst Street
Summerhill Estates, Newmarket
$5,995,000
This 37 acre estate is situated within the urban boundary of Newmarket, minutes to St. Ann's College and St. Andrews College. The property offers a mix of hardwood and softwood forest, ravine, stream and open land. A long driveway leads to a custom built contemporary home with a ground level in-law suite complete with separate entrance. This spacious home overlooks a gorgeous pool area and open grounds where wildlife abounds. It is not unusual to have deer and wild turkeys frolicking in plain view. A detached 5 car garage for all the toys one would use on this touch of Muskoka just north of Toronto.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 3500-5000 sq. ft. |
| Property Tax | $16,984 |
| Lot Size | 806.87 ft x 2424.8 ft |
| mls© Number | N13542714 |
| Listed By | ROYAL 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%
- $30,685
- Property tax
- $1,415
- Heat allowance
- $150
- Housing costs
- $32,250 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$992,000
gross annual household income
- Payment at 4%
- $25,228 / mo
- Cash down
- $1,199,000
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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