4447 Spruce Avenue
Shoreacres, Burlington
$1,390,000
***Attention All Builders*** Unbelievable opportunity to build your dream home in the highly sought-after Shoreacres neighbourhood. 75Fx125F premium lot on an excellent location, privacy on two sides, walking distance to lake Ontario, schools, park, church, shopping. ***Drawings and Permits Ready*** 2/3 trees removed. Full build permit. Pool and Pool house drawings available. --Walk the lot only. Construction has started inside the property. --
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $7,316 |
| Lot Size | 75 ft x 125 ft |
| mls© Number | W13426770 |
| Listed By | SUTTON GROUP OLD MILL REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,115
- Property tax
- $610
- Heat allowance
- $150
- Housing costs
- $7,874 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$242,000
gross annual household income
- Payment at 4%
- $5,849 / mo
- Cash down
- $278,000
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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