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Listed 22 days ago

1027 Ewart Street

Rural Innisfil, Innisfil

$1,099,900

Detached|2-Storey
4 | 3 | 13
About this home

Well maintained 2 storey century home with plenty of space, character and a unique two unit setup. The main home offers generous living space, while the second unit is a legal apartment above the detached 3 car garage with its own parking and in-suite laundry. With two separate driveways, parking for up to 13 vehicles and the opportunity to generate rental income to help offset monthly mortgage costs, this property offers plenty of flexibility. Located in a quiet Innisfil community just a short walk from parks, marinas and the shores of Lake Simcoe, and only minutes from shops, restaurants and everyday amenities.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,794
Lot Size82 ft x 165 ft
mls© NumberN13793708
Listed ByTONY K REAL ESTATE

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%
$5,630
Property tax
$400
Heat allowance
$150
Housing costs
$6,179 / mo

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

Down payment20% · $219,980
25-yr amortization

Income needed

$190,000

gross annual household income

Payment at 4%
$4,629 / mo
Cash down
$219,980

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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