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New4 days ago

86 Bristol Road

Bristol-London, Newmarket

$1,229,000

Detached|2-Storey
5 | 5 | 5
About this home

Exceptional opportunity to own a newly renovated, spacious home in Newmarket with excellent income potential! Offering over 3,000 sq. ft. of above-grade living space, this impressive property features 5+2 bedrooms, 1+1 kitchens, 1+1 laundry rooms, and a bright skylight that fills the home with natural light. The lower unit has a separate entrance, providing privacy and convenience for tenants or extended family. Currently generating $5,300/month in combined rental income from the upper and lower units. Perfect for a buyer looking to live comfortably in the upper unit while leasing the lower unit to help offset mortgage and ownership costs, or an investor seeking a strong income-producing property. Newly renovated, spacious, versatile, and move-in ready - a rare opportunity that combines comfortable living with outstanding investment potential!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$7,204
Lot Size68.86 ft x 142 ft
mls© NumberW13731918
Listed ByHOMECOMFORT REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$6,291
Property tax
$600
Heat allowance
$150
Housing costs
$7,041 / mo

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

Down payment20% · $245,800
25-yr amortization

Income needed

$217,000

gross annual household income

Payment at 4%
$5,172 / mo
Cash down
$245,800

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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