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Listed 4 months ago

216 Foster Drive

Painswick North, Barrie

$739,800

Detached|Bungalow-Raised
3 | 2 | 6
About this home

Detached, newly renovated sun-filled raised bungalow situated on a quiet street with a huge 60 ft x 300 ft lot, and ample driveway parking. Very bright & spacious. Main floor with a eat-in kitchen, 3 Bedrooms and a 4pcs bathroom. Self-contained walkout basement offers additional living space with separate entrance, own kitchen, 2 Bedrooms, and a 3pc bathroom; Walkout basement apartment provides potential rental income. Short distance to waterfront parks & walking trail, Minets Point beach and other amenities, restaurants, schools,grocery, shopping, public transit, Go train, Go Bus & Highway 400 etc. Perfect for either small or large families; This property is also great for investors with the potential of 2 rental units plus the potential for zoning amendment with the huge lot. Buyer to verify all data, measurements, taxes, & retrofit status of the basement apartment. Motivated Seller.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,399
Lot Size60.01 ft x 300.05 ft
mls© NumberS12975230
Listed ByREAL ONE REALTY INC.

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%
$3,787
Property tax
$367
Heat allowance
$150
Housing costs
$4,303 / mo

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

Down payment20% · $147,960
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$3,113 / mo
Cash down
$147,960

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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