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Listed 4 months ago

21 Mccutcheon Road

Rural Mulmur, Mulmur

$669,000

Detached|Bungalow
2 | 1 | 5
About this home

This home is located in Mulmur - in the Springwater Lakes community, offering an incredible opportunity for those looking to settle into their dream home on a truly exceptional lot. Enjoy exclusive access to walking trails and two large ponds -one a swimming pond with beach and docks, and the other ideal for fishing. A peaceful and picturesque setting in a very safe neighbourhood. The home has been well cared for over the years, with several important updates including newer furnace, air conditioner, & eaves troughs. While the interior is functional - it is in need of updating and cosmetic improvements, the structure and key components offer a very solid starting point. Bright eat-in kitchen with bay window, an enormous great room on the main floor with 8 foot south facing patio doors. The lower level has two additional bedrooms and rec room with walk-out to back yard.With a premium lot, great bones, in a sought after neighbourhood - this is a fantastic opportunity to invest in a property with significant upside.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,312
Lot Size100.03 ft x 345.86 ft
mls© NumberX13005816
Listed ByRE/MAX REAL ESTATE CENTRE 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%
$3,424
Property tax
$359
Heat allowance
$150
Housing costs
$3,934 / mo

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

Down payment20% · $133,800
25-yr amortization

Income needed

$121,000

gross annual household income

Payment at 4%
$2,815 / mo
Cash down
$133,800

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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