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Listed 11 days ago

43 Clovelly Cove Road

Pefferlaw, Georgina

$1,288,888

Detached|2-Storey
5 | 2 | 8
About this home

Attention Builders, Developers & Land Investors - Rare Opportunity To Acquire Approx. 36 Acres Of Prime Land Comprised Of 8 Parcels In The Growing Community Of Pefferlaw, Georgina.This property offers exceptional future development potential along with immediate usability and holding income possibilities.The property features a detached 2-storey farmhouse offering 4 bedrooms, a spacious living room, separate family room, dining room, and 2 renovated bathrooms. The updated kitchen and functional layout make it ideal for end-users, rental income, or interim use while planning future development.Zoned Residential (R) and Rural Residential (RR) with significant frontage and surrounded by ongoing growth, this property is ideally suited for land banking, severance potential, redevelopment, or future subdivision opportunities (Buyer to verify with Town of Georgina).Located near Lake Simcoe with easy access to Highway 48, offering a peaceful setting while remaining within commuting distance to the GTA.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,126
Lot Size36 ft x 0 ft
mls© NumberN13603880
Listed ByTHE REAL ESTATE OFFICE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,597
Property tax
$427
Heat allowance
$150
Housing costs
$7,174 / mo

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

Down payment20% · $257,778
25-yr amortization

Income needed

$221,000

gross annual household income

Payment at 4%
$5,424 / mo
Cash down
$257,778

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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