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Price Change$949,000

701 Happy Vale Drive

Alcona, Innisfil

$849,000

Detached|Bungalow-Raised
3 | 2 | 6
About this home

I am pleased to present to you an exceptional real estate opportunity: a turn-key all-brick family home located just steps from the beautiful Innisfil Beach, offering easy access to great beaches and a boat ramp Accessing Lake Simcoe. This spacious and bright raised bungalow is ideally situated within walking distance to the lake and mere minutes from schools, shopping centers, golf courses, YMCA, and scenic trails. The home boasts a large family-size kitchen that opens directly onto an expansive deck, perfect for entertaining guests while overlooking a south-facing fenced yard complete with fire pit. The updated main floor features a modern4-piece bathroom and a private primary bedroom, and a 3 sided gas fireplace between living room and dining room providing comfort and convenience for your family. Additionally, the fully finished basement includes, Recreation room, bedroom, 4-piece bath, and a gas fireplace, all basement windows are large, providing lots of natural light. There is great potential for a two-bedroom basement apartment, accessible through its own separate entrance, offering versatility for extended family living or rental income. This residence combines the charm of a brick bungalow with contemporary updates and an ideal location near the lake and community amenities. It represents a fantastic opportunity for those seeking a move-in-ready home in a vibrant neighbourhood.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$4,449
Lot Size61.88 ft x 134.6 ft
mls© NumberN12752956
Listed ByROYAL LEPAGE FIRST CONTACT REALTY

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%
$4,346
Property tax
$371
Heat allowance
$150
Housing costs
$4,866 / mo

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

Down payment20% · $169,800
25-yr amortization

Income needed

$150,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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