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Listed 1 month ago

848 Lebanon Drive

Alcona, Innisfil

$649,900

Detached|Bungalow-Raised
2 | 2 | 8
About this home

Opportunity in an established Innisfil neighbourhood, just minutes from Innisfil Beach Park and Lake Simcoe. This detached bungalow offers 3 bedrooms and 2 bathrooms with additional finished living space in the basement. The main floor features a functional layout with an updated kitchen, stone counters and walkout to the rear deck. A standout feature is the detached double garage with electrical service and natural gas heat, providing excellent space for vehicles, a workshop, hobbies or additional storage. The home would benefit from repairs, updating and some finishing work, making it a good fit for a buyer who sees the potential and is comfortable taking on a project. Conveniently located close to the lake, parks, schools, shopping and everyday amenities.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,066
Lot Size99.83 ft x 64.58 ft
mls© NumberN13790736
Listed ByRE/MAX HALLMARK CHAY REALTY

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%
$3,326
Property tax
$339
Heat allowance
$150
Housing costs
$3,815 / mo

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

Down payment20% · $129,980
25-yr amortization

Income needed

$117,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

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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