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Listed 13 days ago

277-279 Annshiela Drive

Keswick South, Georgina

$1,200,000

Detached|Bungalow
3 | 2 | 4
About this home

Exceptional new-home opportunity at 277-279 Annshiela Drive in Keswick. Offered at $1,200,000, this proposed package includes one approximately 60-foot lot together with a new Royal Homes Lynden bungalow, subject to severance approval, permits, site conditions, final specifications and all applicable approvals. The Lynden is a thoughtfully designed 1,414 sq. ft. bungalow offering three bedrooms, two bathrooms, a spacious great room, an efficient kitchen with a generous pantry and a private ensuite for the primary bedroom.The entire property comprises approximately 0.642 acres (27,953 sq. ft.), with 120.1 feet of frontage and 231.21 feet of depth. The proposed plan is to create two approximately 60-foot residential lots. The property has not yet been severed; therefore, any purchase involving an individual lot will be conditional upon completion and approval of the severance.Additional purchase options may be available at separately negotiated prices, including one future vacant 60-foot lot without a home, the second future 60-foot lot with a proposed Royal Homes package, or the entire property.Located in an established Keswick neighbourhood close to schools, parks, shopping, Highway 404 and the beaches and marinas of Lake Simcoe's Cook's Bay. Zoned R1 Residential. The lots are currently unserviced, with utilities available on the street.All images depicting houses are artist's renderings illustrating the proposed development concept. No new house is currently constructed on the property.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,742
Lot Size120.1 ft x 231.21 ft
mls© NumberN13689870
Listed ByYour Home Sold Guaranteed Realty Imperium

Listing History

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What the bank counts

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

Mortgage, tested at 6%
$6,142
Property tax
$479
Heat allowance
$150
Housing costs
$6,771 / mo

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

Down payment20% · $240,000
25-yr amortization

Income needed

$208,000

gross annual household income

Payment at 4%
$5,050 / mo
Cash down
$240,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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