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Listed 7 days ago

64 Lindsay Avenue

Bristol-London, Newmarket

$759,999

Semi-Detached |Backsplit 3
3 | 2 | 4
About this home

A rare opportunity in the heart of Newmarket! This versatile property features TWO self-contained living units, including a LEGAL basement apartment (ARU) registered with the Town of Newmarket (Registration #2014-0039) - an excellent opportunity for investors, multi-generational families, or homeowners looking to offset their mortgage with rental income! The inviting main level features a spacious open-concept living and dining area with pot lights, along with a beautifully renovated kitchen showcasing stone countertops and backsplash, stainless steel appliances, a breakfast bar and modern finishes. The legal basement apartment offers its own separate entrance, pot lights throughout, and the convenience of separate laundry facilities. With two sets of washers and dryers, both units enjoy added privacy and independence. Additional improvements include 200-amp electrical service, sound- and fire-rated insulation between units, and an attractive stucco exterior. Outside, enjoy a private backyard with a deck, perfect for relaxing or entertaining, plus a deep front yard offering ample parking for multiple vehicles. Ideally located in an established neighbourhood surrounded by beautiful custom-built homes, just minutes from Upper Canada Mall, Newmarket GO Station, Main Street's charming shops and restaurants, Newmarket Plaza, Costco, and Highways 400 and 404.Live in one unit and rent the other, accommodate extended family, or add a legal two-unit property to your investment portfolio. A fantastic combination of flexibility, convenience, and income potential!

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BrokerHub Inc.
(647) 254-1864
TypeSemi-Detached
StyleBacksplit 3
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,979
Lot Size32 ft x 102 ft
mls© NumberN13881820
Listed ByKELLER WILLIAMS REFERRED URBAN REALTY

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$3,890
Property tax
$332
Heat allowance
$150
Housing costs
$4,372 / mo

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

Down payment20% · $152,000
25-yr amortization

Income needed

$135,000

gross annual household income

Payment at 4%
$3,198 / mo
Cash down
$152,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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