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Listed 8 days ago

5097 14th Avenue

Milliken Mills East, Markham

$2,399,999

Detached|2-Storey
4 | 4 | 6
About this home

Bringing to the Market this amazing opportunity to own a Custom made 2843 square foot home on an Original Half Acre Lot(100 ft by 208), with the option to build a 2nd Home on a newly severed 50 ft by 208 ft lot next door. This home was made by a Custom Home Builder with over 40 years of experience and Pride of Ownership shows throughout the home. Separate Living, Dining, Family, Breakfast and Home Office on Main Floor. Upstairs has 4 Bedrooms and 2 Full Washrooms. Basement is 70% finished with Dry wall, 1 Bedroom, Living Area, and all Rough in's completed (Washroom 70% done, Kitchen 50% done) with Separate Entrance Walk up. Property needs refresh to bring to Current Era however has Amazing structural/foundational quality due to the experience of the Home Builder and attention to detail. Many Custom Made Homes being built in the Area - Various opportunities to either Build Generational family Homes beside each other with Deep Lots, OR to build brand new custom homes in the severed Lots. Entire Lot is on Municipal Water and Sewerage Connection. Severed Lot(50Ft by 208) has already been severed with separate address, pin, and tax bill. Buyer to pay for any Dev Charges, Permits, Cost of Service Connection to Build New Home on Vacant Lot. Close to highly ranked High schools and Public Schools, shopping, hospitals and Highway 407. Very Easy location to get around to any part of the GTA.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$8,248
Lot Size100 ft x 208.82 ft
mls© NumberN13708738
Listed ByRE/MAX METROPOLIS REALTY

Listing History

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  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$12,284
Property tax
$687
Heat allowance
$150
Housing costs
$13,122 / mo

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

Down payment20% · $480,000
25-yr amortization

Income needed

$404,000

gross annual household income

Payment at 4%
$10,100 / mo
Cash down
$480,000

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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