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Listed 21 days ago

104 Farley Circle

Historic Lakeshore Communities, Georgina

$399,000

Detached|Bungalow
3 | 1 | 3
About this home

A wonderful opportunity just steps from private beach access and a private dock on Lake Simcoe. This charming two-season cottage offers an easygoing lakeside retreat with the added convenience of municipal water and sewer services. A separate approximately 220 sq. ft. bunkie provides valuable additional space for storage, guest accommodations or extra sleeping quarters. Enjoy the property as a cottage getaway, renovate it to suit your needs, or explore the potential to create a year-round residence, subject to municipal approvals and required improvements. Whether you are looking for a peaceful place to spend summers by the lake or a property you can transform into something uniquely your own, this is an exciting opportunity in a sought-after waterfront community.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,051
Lot Size50 ft x 148.75 ft
mls© NumberN13566714
Listed ByROYAL LEPAGE STATE REALTY

Listing History

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  • 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%
$2,042
Property tax
$254
Heat allowance
$150
Housing costs
$2,447 / mo

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

Down payment20% · $79,800
25-yr amortization

Income needed

$75,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

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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