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Price Change$399,000

50 DUNEDIN Street

Orillia, Orillia

$349,000

Detached|2-Storey
3 | 1 | 2
About this home

The property includes an approximately 1,100 sq. ft. house currently rented for $950 per month plus utilities and is in poor condition. The house has recently been severed from the adjoining 13 car parking lot and may be purchased separately or together with the parking lot located at 169 Colborne St. West. Removal of the house could create the potential for additional parking spaces. The HC2 zoning permits a variety of alternative uses, including residential, institutional, and healthcare uses. The property taxes to be updated once taxes have been assessed. Combined L shaped lot dimensions: parking lot approximately 43.74 ft. x 140.62 ft. depth, house portion approximately 73.32 ft. x 68.86 ft. depth.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,600
Lot Size75 ft x 68 ft
mls© NumberS13440270
Listed BySUTTON GROUP-ASSOCIATES 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%
$1,786
Property tax
$300
Heat allowance
$150
Housing costs
$2,236 / mo

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

Down payment20% · $69,800
25-yr amortization

Income needed

$69,000

gross annual household income

Payment at 4%
$1,469 / mo
Cash down
$69,800

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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