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Bay Ridges, Pickering
$715,000
**ATTENTION INVESTORS, CONTRACTORS, RENOVATORS & BUYERS WITH VISION!** Fantastic Opportunity To Unlock The Potential Of This Bungalow Situated On A Generous 50 x 100 Ft Lot In Pickering's Desirable Bay Ridges Community! Offering Approximately 1,135 Sq. Ft. On The Main Floor Plus An Additional 1,135 Sq. Ft. Basement With A Separate Entrance, This Home Provides Plenty Of Space And Possibilities! The Main Level Features A Kitchen Updated Approximately 6 Years Ago, Providing A Great Starting Point For Your Renovation Plans. The Home Is In Need Of Improvements And Updating, Offering The Perfect Opportunity To Renovate, Customize And Make It Your Own! Whether You're An Investor Looking For Your Next Project, A Contractor Ready To Transform A Property, Or A Buyer Dreaming Of Creating Your Ideal Home, This Property Is Full Of Potential! **LOCATION, LOCATION, LOCATION!** Just Minutes From The Beautiful Shores Of Lake Ontario, Frenchman's Bay, Scenic Waterfront Trails, Parks, Beaches And Pickering's Charming Nautical Village With Its Restaurants, Cafes And Marina. Conveniently Located Near Pickering GO Station, Highway 401, Schools, Shopping And Everyday Amenities. Enjoy The Charm Of An Established Residential Neighbourhood With The Added Benefit Of Being Close To The Waterfront! **BRING YOUR VISION AND IMAGINATION - A WONDERFUL OPPORTUNITY TO CREATE SOMETHING SPECIAL!**
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Listing History
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%
- $3,660
- Property tax
- $440
- Heat allowance
- $150
- Housing costs
- $4,250 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$131,000
gross annual household income
- Payment at 4%
- $3,009 / mo
- Cash down
- $143,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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