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Listed 8 days ago

1946 Spruce Hill Road

Dunbarton, Pickering

$899,999

Detached|Bungalow-Raised
3 | 2 | 6
About this home

Attention Builders/Renovators, excellent opportunity to renovate or Custom Build on one of Pickerings Premium streets where the streetscape is changing with many smaller homes converting to Custom Executive Mansions.Ideally situated for all Schools, Shops, Parks and Transit systems, on the bus route, easy access to 401/407.Don't let this opportunity pass you by.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,841
Lot Size50 ft x 165 ft
mls© NumberE13874522
Listed ByRE/MAX HALLMARK FIRST GROUP REALTY LTD.

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$4,607
Property tax
$570
Heat allowance
$150
Housing costs
$5,327 / mo

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

Down payment20% · $180,000
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$180,000

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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