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New6 days ago

5502 16th Side Road

Schomberg, King

$3,888,000

Detached|Bungalow
3 | 4 | 16
About this home

Highly Desirable and Sought After 10 Acre Country Residence Situated on The High Point of The Sixteenth Sideroad Just North of Nobleton Lakes Golf Course Between 8th Concession & Hwy 27. The Board and Batton Bungalow Has Been Upgraded and Redecorated Resulting In A Home Worthy Of A Feature in Modern Farmhouse Magazine. The Log Walls Have Been Painted In a Soft White Complimented With 7 1/2" White Oak Hardwood Flooring, Black Hardware and Cathedral Ceilings In Every Room Featuring Natural Oak Beams & Views From Every Room to Scenic Rolling Pastures or Private Gardens. 2 New Designer Washrooms Featuring Heated Floor and Curbless Shower Stall in Main. The Property Is Ideal For Horse Lovers Having a 5-Stall Horse Barn Workshop and Tack Room w water and electricity, a Run-In Shed and Fenced Paddocks. The Detached Double Car Garage With 430 Sq. Ft. Bachelor Apartment With A 3 Piece Bathroom Above Overlooks The Pool and Picturesque Rolling Pasture. An Inground Concrete 40 x 20 Ft Heated Pool Is Complete With Concrete Patio Surround Complimented With A Covered Gazebo and Adjacent Built-in Pool Cabana Featuring Double French Doors, A Roll-Up Servery Door, Wet Bar, Vaulted Ceiling & 2 Piece Washroom.

Extras

No extras listed.

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Open houses

  • Sat, Aug 8

    2:00 PM – 4:00 PM

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$8,547
Lot Size323.27 ft x 1365.85 ft
mls© NumberN13618064
Listed ByRE/MAX EXPERTS

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%
$19,901
Property tax
$712
Heat allowance
$150
Housing costs
$20,763 / mo

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

Down payment20% · $777,600
25-yr amortization

Income needed

$639,000

gross annual household income

Payment at 4%
$16,361 / mo
Cash down
$777,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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