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859 Lakeshore Road E

Rural Oro-Medonte, Oro-Medonte

$735,000

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

Beautiful Beach Community, where you can walk to the beach with a play ground, picnic tables, covered areas with picnic tables, free parking for residences. There is a boat launch with a dock in walking distance! Private water access for residence. This immaculant raised bungalow has been upgraded with all new appliances, tilt swing European windos, Cathedral ceiling, hardwood floors freshly painted. Lower level has large egress windows which makes it bright and welcoming, offers a great open area for the family to hang out together with a gas fireplace. The backyard faces South/East bringing lots of sunshine to enjoy the new deck you access from the living room. There are so many extras that come with this property, new furnace & A/C, new water tank, washer & Dryer, new Sump pump with battery back up and 200 amp service! Deeded water access! Summer is coming and this community is amazing to live in no matter what the season; ice fishing, skating, snow mobiling, rail trails for walking, biking and cross country skiing, boating, paddling... everything is right here! Welcome to Lake Country!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. Age31-50
Size700-1100 sq. ft.
Property Tax$3,417
Lot Size101 ft x 104 ft
mls© NumberS12991816
Listed ByFOREST HILL REAL ESTATE 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%
$3,762
Property tax
$285
Heat allowance
$150
Housing costs
$4,197 / mo

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

Down payment20% · $147,000
25-yr amortization

Income needed

$129,000

gross annual household income

Payment at 4%
$3,093 / mo
Cash down
$147,000

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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