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Listed 1 month ago

2083 Lilac Drive

Alcona, Innisfil

$674,900

Detached|2-Storey
3 | 2 | 4
About this home

Top 5 Reasons You Will Love This Home: 1) Charming and well-maintained 2-storey home ideally positioned just steps from the shores of Lake Simcoe and the popular Innisfil Beach Park, delivering lakeside living and everyday convenience 2) Excellent opportunity for first-time buyers, investors, or those looking to enter the market with a property full of potential 3) Partially finished basement featuring a separate entrance, full kitchen, bedroom, and bathroom, presenting ideal in-law or income-generating possibilities 4) Expansive fully fenced backyard set on a generous lot, complete with deeded access to a private beach for added enjoyment throughout the warmer months 5) Conveniently located close to schools, shopping, restaurants, daily amenities, and Highway 400 access, making commuting and everyday errands effortless. 1,225 above grade sq.ft. plus a finished basement.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,331
Lot Size50 ft x 150 ft
mls© NumberN13548184
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%
$3,454
Property tax
$278
Heat allowance
$150
Housing costs
$3,882 / mo

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

Down payment20% · $134,980
25-yr amortization

Income needed

$119,000

gross annual household income

Payment at 4%
$2,840 / mo
Cash down
$134,980

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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