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Listed 15 days ago

296 Annshiela Drive

Keswick South, Georgina

$499,000

Detached|Bungalow
3 | 2 | 4
About this home

Perfect opportunity for renovator or first time buyer looking to create new living spaces. MPAC estimates the house to be 1,225 square feet on the main level plus a full height basement. The basement space, with a separate entrance to the backyard, an existing large bedroom, a full bath and a potential family size kitchen plus a separate living room lends itself to lots of renovated uses including an accessory apartment or just more family space. With the removal of a non structural wall, two of the main level bedrooms can easily be combined into one large primary bedroom (5.35m x 2.93m). The large site (12,130 square feet) located in Keswick South with easy access to Highway 404, shopping, schools, public transportation and Lake Simcoe beaches at the end of Annshiela Drive make this property a great opportunity for both investors and owner occupied uses. Toronto (Highways 404 & 401) is just 36 minutes or 53 kilometres away. Newmarket is just 22 minutes or 23 kilometres. If you are looking for an investment, renovation project or your first home do not let this opportunity pass you by.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,253
Lot Size63 ft x 192 ft
mls© NumberN13590338
Listed BySTEPHEN JOHN BARRETT

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%
$2,554
Property tax
$354
Heat allowance
$150
Housing costs
$3,059 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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