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Listed 5 months ago

47 Walnut Street

Alliston, New Tecumseth

$1,450,000

Detached|2-Storey
5 | 1 | 10
About this home

Exceptional development opportunity in the heart of Alliston! This rare property offers incredible potential for builders, investors, and developers alike. Preliminary planning work suggests exciting redevelopment possibilities with future residential development potential. Situated on a quiet established street in a rapidly growing community, the property is ideally located close to schools, parks, shopping, restaurants, and major commuter routes. Whether you're looking to explore infill opportunities, build new homes, or secure a valuable land holding in one of Simcoe County's fastest-growing areas, this property presents exceptional upside.Existing home on property being sold in "as-is, where-is" condition. Buyer to complete their own due diligence with the Town of New Tecumseth regarding future use, severance, zoning, servicing, and development potential. A rare opportunity to secure a prime redevelopment property in a thriving market.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,800
Lot Size195 ft x 145 ft
mls© NumberN13240534
Listed ByRE/MAX EXPERTS

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%
$7,422
Property tax
$317
Heat allowance
$150
Housing costs
$7,888 / mo

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

Down payment20% · $290,000
25-yr amortization

Income needed

$243,000

gross annual household income

Payment at 4%
$6,102 / mo
Cash down
$290,000

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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