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Painswick North, Barrie
$739,800
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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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,399 |
| Lot Size | 60.01 ft x 300.05 ft |
| mls© Number | S12975230 |
| Listed By | REAL 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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