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New2 days ago

523 Lake Drive E

Historic Lakeshore Communities, Georgina

$1,299,999

Detached|Bungalow
3 | 3 | 6
About this home

Welcome to this private bungalow in sought after Willow Beach!.....with your own gated waterfront across the street from your home! This spacious home has lots to offer! The main house includes a large living room with stone accent wall, a kitchen with rich dark cabinets and a built-in eating area, a sun filled dining area with patio doors to your yard! Three nice sized bedrooms, plus access to your laundry room through one of the bedrooms. A 4 piece bath with separate soaker tub and shower, a powder room and inside entry to your 2 car garage complete the main house! Added bonus of a separate 2 storey apt.....access from a private side door into the main floor with a cozy kitchen, dining area and 4 piece bath. Upstairs above the garage is a large loft area for a living space and a bed, plus a large closet! So much potential with this one! Check out the virtual tour!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,230
Lot Size47.18 ft x 215.46 ft
mls© NumberN13732314
Listed ByROYAL LEPAGE FIRST CONTACT REALTY

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%
$6,654
Property tax
$519
Heat allowance
$150
Housing costs
$7,323 / mo

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

Down payment20% · $260,000
25-yr amortization

Income needed

$225,000

gross annual household income

Payment at 4%
$5,471 / mo
Cash down
$260,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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