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Listed 2 months ago

224 Foster Drive

Painswick North, Barrie

$638,800

Detached|Bungalow
2 | 1 | 5
About this home

Welcome to 224 Foster Drive! The home sits on a 300 foot lot that is simply fabulous with no neighbours behind. Located just a 5 minute walk to Macdonalds, Tim hortons, restaurants and shopping, with Kempenfelt Bay beach just a 5 minute drive! The back deck and garage overlook the amazing backyard equipped with a full 2 storey bunkie! The main house has 2 bedrooms upstairs and one downstairs. A large foyer entrance, leads to the eat-in kitchen. There is a good size living room and a nicely finished main floor 4 piece bath. There is also a sitting sunroom on the main floor. Downstairs has a generous size recroom space, a very large laundry room space that can be converted to make the basement finished area larger. There is also a bedroom on the lower level. The separate garage has a gas fireplace and overlooks the huge rear yard. The back deck is a good size with a garden bar! At the rear of the property is a good size bunkie. It is completely finished on the outside, just needs finishing touches and is ready for the insulation to be installed. Perfect for a family member or friend! It is a 300 foot lot so lots of space for all your activities! Definite multiple unit possibilities. Definately worth a viewing!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,240
Lot Size60.01 ft x 300.05 ft
mls© NumberS13212756
Listed ByONE PERCENT REALTY LTD.

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%
$3,270
Property tax
$353
Heat allowance
$150
Housing costs
$3,773 / mo

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

Down payment20% · $127,760
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,688 / mo
Cash down
$127,760

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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