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Listed 16 days ago

54 Red Maple Lane

Innis-Shore, Barrie

$625,000

Freehold Townhouse|3-Storey
2 | 3 | 2
About this home

Beautifully designed Elm Model back-to-back townhome offering 1,425 sq. ft. of bright, modernliving space. Featuring 2 bedrooms + Den, 2.5 bathrooms, and an open-concept layout, this homeis ideal for first-time buyers, downsizers, or investors.Large south-facing windows fill the home with natural light, while the main floor offers 9-footceilings, a modern kitchen with ample cabinetry and a large breakfast bar overlooking thespacious living and dining areas. The bright second floor features a bedroom with balconyaccess, and the primary suite includes a walk-in closet and a 4-piece ensuite. laundry addextra functionality.Complete with a single-car garage, parking for 1 additional vehicles, and POTL $175/month, thishome is just minutes from the GO Station, Highway 400, Lake Simcoe, Beach, parks, shopping,schools, and Friday Harbour Resort.Tenant currently occupies the property. Once vacated, the home will be freshly painted and professionally cleaned prior to closing.

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agent
Angela Montano
(647) 283-2643
TypeAtt/Row/Townhouse
Style3-Storey
Approx. Age0-5
Size1100-1500 sq. ft.
Property Tax$4,038
Lot Size20.67 ft x 49.38 ft
mls© NumberS13604204
Listed ByCOLDWELL BANKER IKC 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%
$3,199
Property tax
$337
Heat allowance
$150
Housing costs
$3,686 / mo

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

Down payment20% · $125,000
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,630 / mo
Cash down
$125,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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