Excellent opportunity to own a 4 + 2 bedroom renovated detached home close to universities and downtown. Freshly painted and beautifully renovated. Potential for basement apartment: Fully finished basement with separate entrance, 2 bedrooms and full washroom. Or great opportunity to convert this home to a Student Rental, with potential for 7 bedrooms and short walk to universities. Master bedroom has beautiful 2nd floor deck for lazy summer afternoons. All windows replaced. Lifetime metal roof. Do not miss this opportunity! Offers anytime.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $2,791 |
| Lot Size | 34 acres x 71 acres |
| mls© Number | X13551320 |
| Listed By | SUTTON GROUP REALTY SYSTEMS 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%
- $2,507
- Property tax
- $233
- Heat allowance
- $150
- Housing costs
- $2,890 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$89,000
gross annual household income
- Payment at 4%
- $2,061 / mo
- Cash down
- $97,960
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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