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Rural King, King
$1,950,000
2 Acres In Prestigious King Township. Flat And Usable Land. This Property Includes An Existing Backsplit Home Currently Designed For Multi-Family Living. With 3 Separate Living Areas. Many Uses; Could be such as Rental/ Income Property, Single Family Home, Or New Build Professional Drawings Completed. Enjoy many outdoor features of this property including the inground pool. Property is Backing On To King Centennial Trails Providing Beautiful Views along with privacy as well as trials for walks and outdoor activates. Great Opportunity for income property, Builders, and or family looking to be in King combined with privacy on 2 Acres while being close to the City
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| Type | Detached |
| Style | Backsplit 3 |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,990 |
| Lot Size | 203.9 ft x 423.6 ft |
| mls© Number | N13599022 |
| Listed By | ROYAL LEPAGE CITIZEN REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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%
- $9,981
- Property tax
- $583
- Heat allowance
- $150
- Housing costs
- $10,713 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$330,000
gross annual household income
- Payment at 4%
- $8,206 / mo
- Cash down
- $390,000
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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