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Listed 26 days ago

983 Chapman Street

606 - Town of Rockland, Clarence-Rockland

$478,800

Detached|Bungalow
3 | 2 | 8
About this home

A rare combination of move-in ready living & exceptional redevelopment potential. Suitable for double/semis or 6 units (not warranted).Great location on quiet tree lined street in the ever-thriving town of Rockland. Huge 66' X 132 lot. Large, detached garage (24 x 13'5 with an 8ft door) + a carport! Cozy front veranda + an extra convenient side entrance. Run your business from home or rent out the garage for extra income. 3 bedrooms. 1.5 baths. Bright and sunny eat in kitchen with patio doors opens to the deck and immense back yard. Large living room. Huge lower-level family room with dry bar, gas fireplace, powder room and teenage retreat/den. Recently painted throughout, many recent minor updates and repairs completed. Great potential! Carpet free. ROOF 2018. Furnace 2014. Hot water on demand. Super easy access to highway 174. Close to many schools, places of worship, medical center, shopping, recreation, parks, marina you name it! Suitable for double/semis or 6 units (not warranted).

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,464
Lot Size66 ft x 132 ft
mls© NumberX13617384
Listed ByCENTURY 21 ACTION POWER TEAM LTD.

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%
$2,451
Property tax
$289
Heat allowance
$150
Housing costs
$2,889 / mo

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

Down payment20% · $95,760
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$2,015 / mo
Cash down
$95,760

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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