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Listed 9 days ago

278 William Street E

O'Neill, Oshawa

$684,900

Detached|Bungalow-Raised
2 | 2 | 4
About this home

Legal Duplex Raised Bungalow on a quite street, the property has a two/plus car detached garage in the rear of the property and a one car paved parking spot in the front yard. The access to the garage is by way of an easement over 292 William Steet. There is a 2 bedroom apartment up and a 2 bedroom apartment down. Both units are currently rented the upper unit for $1473.00 a month plus hydro the lower unit is rented for $1488.30 plus hydro, both tenants would like to stay. The property shows very well both up and down unit. The tenants are excellent tenants always pay on time and keep the units looking really good. The property backs onto the development underway to the north, which is the vacant parcel that starts at Adelaide Road and Ritson Road and goes south and east. 292 William is being sold as well and listed at $999,900.00 the two properties combined are almost an half an acre.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,348
Lot Size36 ft x 215 ft
mls© NumberE13691246
Listed ByRe/Max Impact Realty

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%
$3,506
Property tax
$362
Heat allowance
$150
Housing costs
$4,018 / mo

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

Down payment20% · $136,980
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,882 / mo
Cash down
$136,980

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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