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Listed 13 days ago

218 Penn Avenue

Bristol-London, Newmarket

$599,000

Semi-Detached |Bungalow
3 | 1 | 2
About this home

Bring your vision to this value-packed opportunity in the heart of Newmarket. Ideally located just minutes from Upper Canada Mall, Southlake Regional Health Centre, schools, parks, public transit and major commuter routes, this semi-detached bungalow is ready for its next chapter. Featuring three bedrooms on the main level, a separate entrance to the basement with an additional bedroom, recreation space and laundry area, plus parking for two vehicles, the property offers a functional layout with exceptional potential. Whether you're an investor, contractor or experienced renovator, this is your opportunity to transform this property and unlock its full potential in one of Newmarket's most established and convenient neighbourhoods. Property is being sold in "as is, where is" condition without any representations or warranties by the Seller.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeSemi-Detached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,451
Lot Size29.13 ft x 96.062992 ft
mls© NumberN13595154
Listed ByRED HOUSE 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%
$3,066
Property tax
$288
Heat allowance
$150
Housing costs
$3,504 / mo

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

Down payment20% · $119,800
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

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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