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Orangeville, Orangeville
$618,000
This is a 2 Story Legal Non Confirming duplex with a Detached 24 X 30 Garage/Workshop and two Huge Fenced Yards . Options-- as an investment property with 3 incomes from the two residential units plus the workshop. --or live in one with terrific supplemental mortgage income from the other unit plus the workshop .--as above but make plans for a garden suite on the large lot for a fourth income ! The house has a main level 3 bedroom unit with a good sized living room and a Eat-In Kitchen With Walk Out To the Deck onto one of the back yards . The upper unit has two separate entrances. two bedrooms, living room combined with the kitchen and a decent sized office area that could be used as another bedroom. Laminate And Hardwood Floors Throughout The House. Each unit has separate gas and hydro service. The workshop has a Overhead Door and 10ft height inside insulated, a raised storage area and again separate hydro . Competively priced and worth seeing .
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,800 |
| Lot Size | 66.42 ft x 132 ft |
| mls© Number | W13799692 |
| Listed By | HOMELIFE INTEGRITY REALTY 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%
- $3,163
- Property tax
- $483
- Heat allowance
- $150
- Housing costs
- $3,797 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$117,000
gross annual household income
- Payment at 4%
- $2,601 / mo
- Cash down
- $123,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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