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New4 days ago

1006 Lebanon Drive

Alcona, Innisfil

$659,000

Detached|Bungalow
3 | 2 | 5
About this home

Welcome to 1006 Lebanon Drive. An investment opportunity and a beautiful home and area to live. This home is in a mature neighbourhood, within the growing community of Innisfil. The beautiful yard is 75 x 200 and is close to the Library, schools, shopping and the beautiful shores of Lake Simcoe. Set up a pool, an outdoor kitchen and a covered patio and you have a staycation right at your own home. This home offers 3 + 1 bedrooms, 1.5 baths, a beautiful sized living/dining area with large windows for natural light. The functional kitchen provides views of both the front and rear yards. It could easily be converted into multigenerational with the separate entrance to the lower level. The basement offers a large recreation room and above grade windows. The shingles have been replaced in the last 5 years, new garage door with opener. The price is reflective of some work that needs to be done. If you have been looking for that country feel in the heart of everything great and the opportunity for potential capital growth, this is for you!

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,488
Lot Size75 ft x 200 ft
mls© NumberN13721492
Listed BySUTTON GROUP INCENTIVE REALTY INC.

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%
$3,373
Property tax
$374
Heat allowance
$150
Housing costs
$3,897 / mo

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

Down payment20% · $131,800
25-yr amortization

Income needed

$120,000

gross annual household income

Payment at 4%
$2,773 / mo
Cash down
$131,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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