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Listed 3 months ago

616 Glen Cedar Crescent

Rural Innisfil, Innisfil

$970,000

Detached|2-Storey
4 | 4 | 6
About this home

Top 5 Reasons You Will Love This Home: 1) Welcoming 2-storey home backing onto greenspace with in-law potential and just steps to the beach 2) Main level featuring an open-concept layout with soaring vaulted ceilings, a walkout to the deck, direct access to the two-car garage, and a versatile bedroom or office space 3) Upper level primary bedroom with two closets and a 4-piece ensuite, along with upper level laundry, two additional bedrooms overlooking the backyard, and a main 4-piece bathroom 4) Bright walkout basement renovated in 2013, featuring a kitchen, bedroom, 4-piece bathroom, and generous open recreation room, offering a fantastic option for extended family or rental potential 5) Set on an approximately 50'x131' lot with no rear neighbours on a quiet dead-end crescent, owned by the original owners and located just steps to Lake Simcoe. 2,260 above grade sq.ft. plus a finished basement. *Please note some images have been virtually staged to show the potential of the home.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age16-30
Size2000-2500 sq. ft.
Property Tax$5,211
Lot Size49.7 ft x 131.5 ft
mls© NumberN13213210
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

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%
$4,965
Property tax
$434
Heat allowance
$150
Housing costs
$5,549 / mo

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

Down payment20% · $194,000
25-yr amortization

Income needed

$171,000

gross annual household income

Payment at 4%
$4,082 / mo
Cash down
$194,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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