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Listed 12 days ago

47 Lakeshore Road W

Rural Oro-Medonte, Oro-Medonte

$650,000

Detached|Bungalow
2 | 1 | 4
About this home

Enjoy four-season living in Oro-Medonte - an ideal setting for those who love the outdoors. With deeded access to a private beach on Lake Simcoe, you can spend your summers boating and swimming, and your winters ice fishing and snowmobiling. Hiking trails, snowmobile routes, and year-round recreation are all close by. Big East Marina is just one minute away, and Burl's Creek Event Grounds and other local attractions are nearby. Located on a quiet road in a waterfront community, this 2+1 bedroom bungalow offers bright, open-concept living with a finished basement for added space. The private 139.66 ft x 50 ft lot includes a covered pergola, fire-pit, and room to relax outdoors. A great opportunity for first-time buyers, down-sizers, or anyone looking for a year-round retreat with easy access to the water and an active lifestyle.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,868
Lot Size50 ft x 140 ft
mls© NumberS13670584
Listed ByCHESTNUT PARK REAL ESTATE LIMITED

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%
$3,327
Property tax
$239
Heat allowance
$150
Housing costs
$3,716 / mo

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

Down payment20% · $130,000
25-yr amortization

Income needed

$114,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$130,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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