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New4 days ago

5147 Ravine Crescent

Orchard, Burlington

$999,999

Detached|2-Storey
3 | 3 | 3
About this home

Welcome to the Orchard! This charming well maintained 3-bedroom, 2.5 bath home is perfectly situated on a quiet family friendly street. The welcoming front porch leads you to a spacious layout with front foyer and combined Living and Dining rooms with hardwood floors. The Kitchen has been updated with quartz counters and features a separate dinette space. The main floor Family room includes a gas fireplace and window seat overlooking the yard. A two piece bath is conveniently located on this level. The second floor features engineered hardwood throughout. The spacious Primary bedroom includes a walk-in closet and4 piece ensuite bathroom. Two additional bedrooms and 4 piece bath with new vanity are located on this level. One bedroom features a laundry closet complete with a washer and dryer for convenience. The unfinished basement offers many possibilities for renovation and additional living space including a rough-in for an additional bathroom. The private yard includes an oversized multi-tier deck for quiet relaxation. Located within walking distance to top rated schools, shopping and restaurants. Perfect for families or downsizers, quick possession is available. Ready to move in!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$517,700
Lot Size36.16 ft x 78.09 ft
mls© NumberW13628952
Listed ByROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

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%
$5,118
Property tax
$43,142
Heat allowance
$150
Housing costs
$48,410 / mo

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

Down payment20% · $200,000
25-yr amortization

Income needed

$1,490,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$200,000

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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