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Listed 17 days ago

290 Broadway N/A

Orangeville, Orangeville

$599,999

Detached|1 1/2 Storey
0 | 1 | 1
About this home

Prime Development Opportunity on Broadway! Rare chance to acquire a high-visibility property on a 66.51 x 292.47 ft. lot(approx. 0.445 acres) in the heart of Orangeville. Being sold as-is, where-is, this property offers exceptional redevelopmentpotential for investors, developers, builders, and contractors. Ideally located on bustling Broadway, just steps to downtown Orangeville and local amenities, with outstanding exposure and excellent accessibility. A rare opportunity to build new orredevelop (buyer to complete their own due diligence). Can be purchased separately or together with 292 Broadway, offering anadditional 0.682-acre property with a bungalow, 3 separate units, and a detached garage/workshop.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,340
Lot Size66.51 ft x 292.43 ft
mls© NumberW13743666
Listed ByREALTY WEALTH GROUP INC.

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%
$3,071
Property tax
$445
Heat allowance
$150
Housing costs
$3,666 / mo

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

Down payment20% · $120,000
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,525 / mo
Cash down
$120,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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