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St. Thomas, St. Thomas
$529,900
Welcome to 40 Schreyer Drive, a charming detached bungalow in the desirable Lake Margaret area. This inviting home offers 2 bedrooms and a full bathroom on the main floor, along with a bright kitchen featuring a walkout to the deck and fully fenced backyard-perfect for relaxing or entertaining.The main floor has been freshly painted and offers comfortable, functional living space, while the finished basement provides additional room for family, hobbies, a home office, or whatever suits your needs. A single-car garage adds convenience and storage, and the newer roof (2021) provides added peace of mind.Situated in a mature, welcoming neighbourhood, you'll enjoy walking trails just steps from your door and the natural beauty of Lake Margaret nearby. With its great location, flexible living space, and move-in-ready appeal, this bungalow is well worth a look!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,565 |
| Lot Size | 57.58 ft x 110.09 ft |
| mls© Number | X13727072 |
| Listed By | ELGIN REALTY LIMITED |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,712
- Property tax
- $297
- Heat allowance
- $150
- Housing costs
- $3,159 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$97,000
gross annual household income
- Payment at 4%
- $2,230 / mo
- Cash down
- $105,980
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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