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Listed 2 months ago

648 10th Line

Rural Innisfil, Innisfil

$699,900

Detached|2-Storey
4 | 2 | 5
About this home

Just steps from the beautiful shores of Lake Simcoe and Leonard Beach, this tastefully updated home offers the perfect blend of cottage charm, modern comfort, and investment potential. The property boasts exceptional curb appeal with a manicured lawn, vibrant perennial gardens, two spacious decks, and a covered front porch ideal for relaxing or entertaining. Extensive recent upgrades provide peace of mind, including a newly drilled well and pump system producing approximately 60 gallons per minute, a new sump pump, upgraded electrical panel, modern glass railings, updated plumbing throughout, a gas BBQ hookup, a custom unfinished outdoor sauna, and two high-efficiency heating and cooling units with remote controls. Inside, large windows flood the home with natural light, creating a warm and inviting atmosphere that complements its cozycottage-inspired design. Offering approximately 1,615 square feet of finished living space,this versatile property is ideal as a year-round residence, seasonal retreat, or income-generating investment with excellent potential for both short-term and long-term rental opportunities.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$2,843
Lot Size50 ft x 125 ft
mls© NumberN13481190
Listed ByGlobal Bricks 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%
$3,582
Property tax
$237
Heat allowance
$150
Housing costs
$3,969 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$122,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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