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Listed 2 months ago

1186 MARY-LOU Street

Alcona, Innisfil

$639,900

Freehold Townhouse|2-Storey
3 | 10 | 3
About this home

Upgraded freehold townhouse, backing onto a ravine. Walk-out basement with fenced back yard. The walk-out basement has a 3pc bath and a large cold room with the possibility of adding a kitchen and the potential for an in-law suite. Entrance from Garage to laundry room/mud room. Large primary bedroom with ensuite bath and W/I closet. This home is perfect for first time buyers with a young family who wants to get in the housing market or empty nesters who wants to live in a smaller house instead of an apartment. The possibilities are endless in this well established enclave of freehold townhouses and detached homes. Close to all amenities, Schools, public transit, shopping, the beach

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agent
Angela Montano
(647) 283-2643
TypeAtt/Row/Townhouse
Style2-Storey
Approx. Age6-15
Size1100-1500 sq. ft.
Property Tax$4,130
Lot Size20.8 ft x 114.7 ft
mls© NumberN13498354
Listed ByRIGHT AT HOME 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%
$3,275
Property tax
$344
Heat allowance
$150
Housing costs
$3,769 / mo

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

Down payment20% · $127,980
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,693 / mo
Cash down
$127,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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