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New1 day ago

25 Cherrywood Lane

Rural Innisfil, Innisfil

$350,000

Detached|Bungalow
2 | 1 | 2
About this home

Welcome to this cozy bungalow in the Sandy Cove community. This is one of the few streets that have NO NEIGHBOURS IN THE BACK of the property - behind the house is a beautiful private treed yard. The primary bedroom can easily fit a king size bed (as seen in the picture) and it has lots of storage (2 big closets). There is also a second bedroom for additional space, a guest bedroom, a hobby room, or an office. The bathroom has a convenient stand-up shower and additional storage space. The kitchen has been recently upgraded with new vinyl flooring, new appliances, new countertop, new cupboards, new sink, new backslash. Recent upgrades throughout the home also include the exterior siding of the house, the new deck, the new shed, the new furnace and AC - the list goes on. This home shows 10+++ and has been meticulously maintained by the owner. Located in the sought-after adult lifestyle community of Sandy Cove Acres, residents can enjoy the 3 community centres with lots of social activities, the 2 heated outdoor saltwater pools, the 2 pickleball courts, the fitness room, and the walking trails. The monthly land lease fees are approximatively $720/month and the monthly property taxes are approximately $158/month.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$1,896
Lot Size0 ft x 0 ft
mls© NumberN13729166
Listed ByRE/MAX REALTRON 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%
$1,791
Property tax
$158
Heat allowance
$150
Housing costs
$2,099 / mo

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

Down payment20% · $70,000
25-yr amortization

Income needed

$65,000

gross annual household income

Payment at 4%
$1,473 / mo
Cash down
$70,000

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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