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41 Inglis Street

570 - Madawaska Valley, Madawaska Valley

$369,000

Detached|1 1/2 Storey
2 | 2 | 4
About this home

This well placed property features an immaculate 2 storey light filled two bedroom spacious apartment with separate entrance and parking beside. Private fenced back and side yard. There is a wheelchair accessible separate space at street side with a half bathroom and separate entrance and parking beside. Both spaces could be combined through the door between the kitchen and storage room in the front. Separate hydro panels and 2 hot water tanks. There is a sun filled private yard with space for a garden and relaxing/barbeque. Centrally located in downtown Barry's Bay, close to shopping and services and just minutes to public beach and dock. Use this as a launching pad for hiking, swimming, snowmobiling, winter and summer fun. Barrys Bay is a beautiful tourist and retirement destination with a wonderful hospital just blocks from the property. This neat and clean and well maintained building could be a location for your home, business, recreational or income property. Many updates by current owner: Propane furnace 2014 (ten year report 2024), roof over kitchen, ice shield and eavestrough 2023, siding and insulation whole house 2012, upstairs flooring and bathroom sink 2022, painting 2022, kitchen, main floor including front rental space reno 2010. Appliances included!

Extras

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$1,844
Lot Size74.39 ft x 74.89 ft
mls© NumberX12738056
Listed ByQUEENSWOOD NATIONAL REAL ESTATE LTD

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%
$1,889
Property tax
$154
Heat allowance
$150
Housing costs
$2,192 / mo

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

Down payment20% · $73,800
25-yr amortization

Income needed

$67,000

gross annual household income

Payment at 4%
$1,553 / mo
Cash down
$73,800

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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