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New2 days ago

7 Turnberry Crescent

Courtice, Clarington

$649,900

Detached|Bungalow
3 | 2 | 5
About this home

Located in a desirable neighbourhood, close to schools, all amenities and either the 401 or 407 highways, this all brick bungalow is great for the growing or multi-generational family. Offering two kitchens, (one up and one down), 3+2 bedrooms, and 2 full bathrooms (one up and one down). Featuring in-law capability with access from the garage to a common shared area that has laundry and leads either upstairs or to basement with the main front door for upstairs and a separate entry from the backyard to the basement as well to allow for fully independent living spaces if so desired. Outside, there's a front deck sitting area and a fully fenced yard for kids or pets. This property is vacant, previously tenant occupied, and is going to be professionally painted a neutral colour throughout (up and down) with professional carpet and cleaning throughout as well. Immediate possession available.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$4,655
Lot Size29.53 ft x 137.8 ft
mls© NumberE13873938
Listed ByRE/MAX HALLMARK EASTERN REALTY

Listing History

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What the bank counts

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

Mortgage, tested at 6%
$3,326
Property tax
$388
Heat allowance
$150
Housing costs
$3,864 / mo

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

Down payment20% · $129,980
25-yr amortization

Income needed

$119,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

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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