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Listed 18 days ago

18 Cherrywood Lane

Rural Innisfil, Innisfil

$379,900

Detached|Bungalow
2 | 1 | 2
About this home

Welcome to this stunning Ranch Style Bungalow, renovated top to bottom home, Located in the vibrant adult community of Sandy Cove Acres. This 2 bedroom, 1 bath model is move in ready and offers a bright open concept floor plan with spacious principal rooms. a quiet, Cozy gas fireplace in the living room and an economical heat pump to keep your home warm and cool in the summer. Stunning kitchen with walk out to deck, overlooking ravine with stream. Parking for three cars. Sandy Cove Acres is a lifestyle community close to Lake Simcoe, Innisfil Beach Park, there are many groups and activities to participate in, along with 2 heated outdoor pools, community halls, games room, fitness centre, outdoor shuffleboard and pickle ball courts. Community Centre in Sandy Cove offering music, dances, card games and more. 5 Minutes to Friday Harbour. Dreams can come true in this exceptionally well appointed home located just steps from Lake Simcoe. Electrical $70 / month; Gas $35/month; Water; $50 / month. All Electrical & Plumbing was updated in 2020. All renovations done in 2020; installation, siding, flooring, kitchen and bath, windows, 2 decks, gardens front and back. Roof approx 8 years. Parking for 3 cars

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$1,896
Lot Size0 ft x 0 ft
mls© NumberN13842774
Listed ByRE/MAX HALLMARK YORK GROUP REALTY LTD.

Listing History

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  • 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%
$1,945
Property tax
$158
Heat allowance
$150
Housing costs
$2,253 / mo

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

Down payment20% · $75,980
25-yr amortization

Income needed

$69,000

gross annual household income

Payment at 4%
$1,599 / mo
Cash down
$75,980

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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