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Listed 23 days ago

691 6th Line

Rural Innisfil, Innisfil

$700,000

Detached|Bungalow
4 | 2 | 4
About this home

Discover the potential. Situated on a generously sized lot measuring approximately 110' x 194' x 128' x 131', this property offers an outstanding opportunity for investors, builders, or those looking to create their dream home just minutes from the shores of Lake Simcoe.The property according to Innisfil Township is zoned RL1, with zoning standards that support a potential lot severance, subject to municipal approvals and all applicable planning requirements. Whether you're exploring the possibility of creating an additional lot or envisioning a custom home on this spacious property, the possibilities are worth investigating.There are two existing buildings on the property; however, the offering is primarily being marketed for its land value and future development potential.A rare opportunity to secure a sizeable parcel in a desirable Innisfil location, close to waterfront access, parks, marinas, and commuter routes. Bring your vision and explore the possibilities this exceptional property has to offer.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$3,521
Lot Size110.54 ft x 131.63 ft
mls© NumberN13607906
Listed ByROYAL LEPAGE FIRST CONTACT 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%
$3,583
Property tax
$293
Heat allowance
$150
Housing costs
$4,026 / mo

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

Down payment20% · $140,000
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,946 / mo
Cash down
$140,000

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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