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Listed 2 months ago

287 Elmview Gardens

Historic Lakeshore Communities, Georgina

$1,170,000

Detached|1 1/2 Storey
4 | 5 | 10
About this home

A Rare Find - Exceptional Multi-Family Home With Endless Possibilities! Welcome to this truly one-of-a-kind property, offering over 3,000 sq. ft. of above-grade living space plus an additional 1,300 sq. ft. of beautifully finished basement - perfectly designed for extended family living or a savvy investor looking to generate rental income! This impressive home features three separate living spaces- a spacious 2-bedroom main-floor unit, a 2-bedroom unit, and a 2-bedroom basement unit - giving you incredible flexibility to live, rent, or both! Inside, you'll find generously sized bedrooms, and large basement windows that provide the lower level with natural light. A shared laundry room adds everyday convenience for all units, with the added bonus of inside entry to the garage directly from the laundry room. Step outside and fall in love with the expansive 65 x 194 ft. lot, complete with a charming front courtyard, an extra-large above-ground pool installed in 2021, and plenty of parking - all nestled on a large, private lot with room to breathe and enjoy. And if location matters to you, you'll love being within walking distance to both the lake and local schools, making this the perfect place to plant roots and call home. Properties like this truly don't come around often - don't miss your chance to make it yours!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$3,586
Lot Size65 ft x 194 ft
mls© NumberN13451278
Listed ByEXP 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%
$5,989
Property tax
$299
Heat allowance
$150
Housing costs
$6,437 / mo

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

Down payment20% · $234,000
25-yr amortization

Income needed

$198,000

gross annual household income

Payment at 4%
$4,924 / mo
Cash down
$234,000

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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