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5 Pier Street

Rural Scugog, Scugog

$875,000

Detached|2-Storey
4 | 2 | 18
About this home

Stop paying rent on both a home and a business space! Fabulous live/work or investment opportunity just minutes outside Port Perry. The upper level features a spacious and comfortable 4-bedroom residential apartment, complete with a walkout covered deck overlooking a serene garden-perfect to live in yourself or rent out for steady income. On the ground level, you will find almost 1,800 sq ft of open blank canvas possibilities with flexible C1 zoning (formerly a local convenience store), loads of parking, excellent local road exposure, plus an expansive bonus heated garage workshop. The incredibly versatile zoning allows for a wide array of permitted uses, for example: open a destination local restaurant or bakery, a daycare, medical or vet clinic, fitness or day spa studio, professional office, retail boutique, art gallery, or services shop! Imagine the possibilities: transform this classic neighborhood landmark into the community's next go-to gathering spot, a thriving creative headquarters, or a dream artisanal studio. This is your chance to step away from the daily grind, invest in your own real estate brick and mortar, and bring your big vision to life. Live upstairs and lease out the main floor, or run your own venture with a zero-minute commute. Enjoy a quiet community setting while keeping bustling amenities just a short drive away. Cross-listed as commercial MLS E13169522

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,984
Lot Size182.48 ft x 200.06 ft
mls© NumberE13169532
Listed ByROYAL LEPAGE SIGNATURE REALTY

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$4,479
Property tax
$582
Heat allowance
$150
Housing costs
$5,211 / mo

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

Down payment20% · $175,000
25-yr amortization

Income needed

$160,000

gross annual household income

Payment at 4%
$3,682 / mo
Cash down
$175,000

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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