Listed 2 years ago
1867 Spruce Hill Road
Dunbarton, Pickering
$1,600,000
Detached|2-Storey
4 | 2 | 4
About this home
Presenting a prime development opportunity in the prestigious area of Pickering. This property currently features an outdated structure, offering a blank canvas for your construction or renovation ambitions.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | sq. ft. |
| Property Tax | $7,436 |
| Lot Size | 75 ft x 150 ft |
| mls© Number | E8429858 |
| Listed By | CENTURY 21 LEADING EDGE REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,190
- Property tax
- $620
- Heat allowance
- $150
- Housing costs
- $8,959 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $320,000
25-yr amortization
Income needed
$276,000
gross annual household income
- Payment at 4%
- $6,733 / mo
- Cash down
- $320,000
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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