556 Big Bay Point Road
Painswick North, Barrie
$1,790,000
Welcome to this Development Ready property ON A 100' x 179' LOT In a fantastic Location in Barrie's Desirable Painswick North Community, Core Business Centre. The property Located in a Medium to High Density Development area designated by the City Of Barrie. This property is part of Six Lot Grouping( 536, 540, 544, 548, 552 and 556 Big Bay Point Rd ), With an incredible potential for future redevelopment opportunity. The seller willing to lease the home until development begins. The property close to excellent school, library, shopping, go station, public transit and much more.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,238 |
| Lot Size | 100.23 ft x 178.94 ft |
| mls© Number | S13586076 |
| Listed By | NU STREAM REALTY (TORONTO) 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%
- $9,162
- Property tax
- $437
- Heat allowance
- $150
- Housing costs
- $9,749 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$300,000
gross annual household income
- Payment at 4%
- $7,533 / mo
- Cash down
- $358,000
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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