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Listed 7 days ago

526 Highland Crescent

Beaverton, Brock

$545,000

Detached|Bungalow
3 | 2 | 5
About this home

WELCOME TO 526 HIGHLAND CRESCENT - A HOME WITH POTENTIAL, POSSIBILITIES & ROOM FOR YOUR OWN IDEAS! If you're looking for a perfectly polished, move-in-and-never-lift-a-tool home, this may not be the one. But if you appreciate good bones, a practical layout and the opportunity to build equity through your own improvements, keep reading! After all, a little elbow grease never hurt anyone - and the rewards could be well worth the effort! This all-brick bungalow offers 1,940 sq. ft. of total living space on 2 levels, with 3 bedrooms (2+1), 2 full baths, an attached garage and parking for 4. The main floor features a spacious kitchen, living room, dining area, 2 bedrooms & full bath. Need a third bedroom upstairs? The dining area was previously a bedroom and offers the potential for conversion back to original state. Downstairs is where things get particularly interesting! The finished walkout lower level has its own separate entrance, a generous recreation room, bedroom with walk-in closet, full bathroom and large utility/laundry area with space for a future kitchen. With some modifications and the necessary approvals, this level could make an excellent private in-law suite or potential income-generating apartment (due dilengence with township required). Keep the family close, but perhaps not quite close enough to borrow your car keys! Outside, enjoy a fully fenced 53' x 96' lot, deck, interlock driveway and attached garage. Located in the friendly lakeside community of Beaverton, with Lake Simcoe, local shops, parks and amenities nearby, plus convenient access to Uxbridge, the GTA and Orillia. Yes, this home would benefit from updating, refreshing and some TLC, and the asking price reflects that opportunity. Move in, make improvements at your own pace and create something that truly suits your needs. A little imagination, some elbow grease and a few trips to the hardware store could go a long way! WHY PAY FOR SOMEONE ELSE'S TASTE WHEN YOU CAN CREATE YOUR OWN?

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age31-50
Size700-1100 sq. ft.
Property Tax$4,270
Lot Size53 ft x 96 ft
mls© NumberN14100384
Listed ByONE PERCENT REALTY LTD.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$2,790
Property tax
$356
Heat allowance
$150
Housing costs
$3,295 / mo

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

Down payment20% · $109,000
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,293 / mo
Cash down
$109,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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