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Listed 3 months ago

16040 Simcoe Street

Port Perry, Scugog

$1,097,000

Detached|Bungalow
2 | 6 | 6
About this home

Turnkey Investment Opportunity in Beautiful Port Perry - Not Subject to Rent Control! Purpose-built bungalow with legal accessory apartment generating strong, reliable income with A+ tenants in place. An exceptional opportunity for investors seeking immediate cash flow with future upside potential. Featuring two fully self-contained units, each thoughtfully designed with modern finishes and functional layouts. Both units offer 2 bedrooms with private ensuites, contemporary kitchens with quartz countertops, stainless steel appliances, and stylish finishes, along with separate entrances, private laundry, and individual garages. Built with investor efficiency in mind, the property includes separate utility metering, reducing operational complexity and maximizing returns. Additional highlights include 9' ceilings, luxury vinyl plank flooring, gas fireplace, modern lighting, and parking for up to 3 vehicles per unit. Strong income profile: $68,340/year. Located in the highly desirable waterfront community of Port Perry, just minutes to Lake Scugog, marina, shops, and amenities, ensuring continued tenant demand and long-term appreciation. A rare opportunity to acquire a low-maintenance, income-generating asset in one of Durham Region's most desirable waterfront communities.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age0-5
Size1100-1500 sq. ft.
Property Tax$7,684
Lot Size49.23 ft x 111.95 ft
mls© NumberE13094866
Listed ByRoyal LePage Frank Real Estate

Listing History

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

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What the bank counts

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

Mortgage, tested at 6%
$5,615
Property tax
$640
Heat allowance
$150
Housing costs
$6,405 / mo

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

Down payment20% · $219,400
25-yr amortization

Income needed

$197,000

gross annual household income

Payment at 4%
$4,616 / mo
Cash down
$219,400

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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