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Listed 2 months ago

311 Helen Avenue

Village Green-South Unionville, Markham

$3,795,000

Detached|Backsplit 4
3 | 2 | 8
About this home

Perfect Residential Infill Redevelopment Opportunity for Townhouse or Single Family Homes. +202 ft Frontage and backing onto municipal parkland. The property is located in the attractive South Unionville neighborhood featuring in-demand schools and abundant park spaces. Markham official plan allows for Singles, Semi-detached, Townhouse or small multi-plex built form. Property may be combined with 313 Helen Ave to create +400 ft frontage and 1.33 acres in area allowing for substantial infill opportunity. *(Legal Description continued) PART 1, 65R33761 SAVE AND EXCEPT PTS 1 & 3, 65R34549 CITY OF MARKHAM

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBacksplit 4
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$10,560
Lot Size202.94 ft x 143.78 ft
mls© NumberN13424448
Listed ByCUSHMAN & WAKEFIELD

Listing History

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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%
$19,425
Property tax
$880
Heat allowance
$150
Housing costs
$20,454 / mo

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

Down payment20% · $759,000
25-yr amortization

Income needed

$629,000

gross annual household income

Payment at 4%
$15,970 / mo
Cash down
$759,000

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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