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Listed 3 months ago

26 Cardwell Street

Orangeville, Orangeville

$745,000

Detached|Bungalow
3 | 2 | 5
About this home

ATTENTION FIRST-TIME BUYERS, MULTI-GEN FAMILIES & SAVY INVESTORS! Positioned on a premium 50x109 ft mature lot with NO sidewalk for maximum parking and privacy, this solid detached bungalow is the ultimate "forced equity" opportunity in South Orangeville, why pay a premium for someone else's renovations when you can secure this similar structural footprint at an entry-level price point and build your own wealth.......Big-Ticket updates are already complete: New Roof 2023, New High Efficiency Basement Windows 2023, New Front Door 2023, and and main Kitchen updated in 2021 wth stone countertops, stainless steel appliances, gas stove. The main level boasts original hardwood flooring, a bright layout, 3 well - sized bedrooms, and a full washroom. ...........THE WEALTH BUILDING OPPORTUNITY: Standing out with a rare official legal 6 bedroom designation (MPAC), this home offers unbeatable layout flexibility. The massive lower level is an ideal candidate for a compliant Town of Orangeville 2 Bedroom Additional Residential Unit (ARU). ......The deep lot easily satisfies the local zoning mandate for a 1.2m wide pedestrian path and off-street tenant parking space. ......With a proven , established value ceiling for converted bungalow configuration on this street, 26 Cardwell is a perfect "blank canvas" to invest your own finishes and instantly drive up appraisal value. Unbeatable location close to top schools, parks, shopping, and commuter routes. Pictures are from previous listing. NOTE: Re-Imagined concept photos of the lower level are provided as a visual aid to showcase the incredible potential.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,204
Lot Size50 ft x 109 ft
mls© NumberW13466964
Listed ByZOLO REALTY

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%
$3,813
Property tax
$434
Heat allowance
$150
Housing costs
$4,397 / mo

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

Down payment20% · $149,000
25-yr amortization

Income needed

$135,000

gross annual household income

Payment at 4%
$3,135 / mo
Cash down
$149,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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