772 Happy Vale Drive
Alcona, Innisfil
$798,000
Families/Investors/Builders, Your Dream Property Awaits! Welcome to this stunning raised bungalow in a sought-after Innisfil neighborhood. Just steps from Lake Simcoe and its beautiful beaches, making it easy to enjoy waterfront activities like boating and fishing, with a public boat launch nearby. Situated on the massive 100X160 feet lot which has an approval to be severed in two 50' lots and build two new houses! This bungalow offers over 2,500 sq. ft. of finished living space. Quarts countertop and newer island in main floor kitchen. Fully upgraded 4 Pcs bathroom. Newer roof 2022. Furnace 2018. Main floor and basement are rented for total: $3,486. AAA Tenants are in month to month basis and can stay.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,624 |
| Lot Size | 100 ft x 160 ft |
| mls© Number | N13443560 |
| Listed By | Canadian Living Realty Inc. |
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%
- $4,085
- Property tax
- $385
- Heat allowance
- $150
- Housing costs
- $4,620 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$142,000
gross annual household income
- Payment at 4%
- $3,358 / mo
- Cash down
- $159,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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