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Listed 2 months ago

10 Simcoe Road

Rural Oro-Medonte, Oro-Medonte

$529,000

Detached|Bungalow
2 | 1 | 2
About this home

Nestled on a quiet cul-de-sac in a peaceful waterfront community, this cozy 1-bedroom cottage offers the perfect summer escape. Whether you're looking for a family retreat or the ideal lot to build your dream home, this property delivers both charm and potential. Enjoy deeded lake access to beautiful Lake Simcoe, just a short stroll away, perfect for swimming, boating and watching the sunset. Nearby hotspots include Bayview Memorial Park, offering a long stretch of sandy beach, the 28km of Oro's Rail Trail for hiking, running or biking, as well as the Line 9 boat launch for a more relaxing day on the lake. The existing cottage has rustic charm and offers all the necessities for a summer retreat, including a welcoming front porch where you can sip your morning coffee surrounded by nature. Located only 90 minutes from the GTA, this serene getaway combines the best of cottage life with easy city access. Don't miss this rare opportunity to own a slice of Lake Simcoe paradise. Use it now, plan for later and make every summer unforgettable.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size< 700 sq. ft.
Property Tax$1,427
Lot Size105.41 ft x 80 ft
mls© NumberS13547460
Listed ByKELLER WILLIAMS EXPERIENCE REALTY

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%
$2,708
Property tax
$119
Heat allowance
$150
Housing costs
$2,977 / mo

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

Down payment20% · $105,800
25-yr amortization

Income needed

$92,000

gross annual household income

Payment at 4%
$2,226 / mo
Cash down
$105,800

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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