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Listed 21 days ago

1485 Altona Road

Rougemount, Pickering

$1,198,000

Detached|2-Storey
3 | 3 | 12
About this home

A one-of-a-kind location with outstanding development potential located in Pickerings highly sought out Rougement Community! The property currently features an existing home with a swimming pool that can be renovated for personal use or rental income. Whether you choose to build your dream home or develop both lots, you are just a building permit away from starting construction. All severance processes are complete, with only the PIN registration remaining, and over $50,000 in development costs have already been paid, providing significant savings. Architectural plans for both lots are included, helping streamline your next steps. Close To 401, Go Station, Public Transport.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$10,190
Lot Size97.2 ft x 317.95 ft
mls© NumberE13569234
Listed ByROYAL LEPAGE ASSOCIATES REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,132
Property tax
$849
Heat allowance
$150
Housing costs
$7,131 / mo

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

Down payment20% · $239,600
25-yr amortization

Income needed

$219,000

gross annual household income

Payment at 4%
$5,041 / mo
Cash down
$239,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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