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New23 hours ago

31260 Lake Ridge Road

Pefferlaw, Georgina

$299,000

Detached|1 1/2 Storey
4 | 2 | 5
About this home

Attention builders, investors, and contractors! An exceptional opportunity awaits at 31260 Lake Ridge Road! Situated on a generous 100' x 150' lot, this charming 1.5-storey home offers 4 bedrooms and outstanding potential to renovate, restore, or explore the possibility of building your dream home! The spacious property features an attached single-car garage, ample parking for up to 4 vehicles, and the convenience of hydro and natural gas services. Ideally positioned with easy access to Highway 48 and the nearby communities of Sutton, Pefferlaw, and Beaverton, offering a wonderful balance of peaceful country living and everyday conveniences. Enjoy access to shopping, restaurants, schools, parks, golf courses, and scenic walking trails, along with popular attractions including Sibbald Point Provincial Park, the Georgina Centre for Arts & Culture, Peter Gzowski Library, and the charming shops and amenities of historic downtown Sutton. Outdoor enthusiasts will appreciate the proximity to Lake Simcoe's beautiful beaches, marinas, boating, fishing, and year-round recreational activities. Whether you're looking for your next renovation project, an investment opportunity, or a spacious property to bring your vision to life, this property offers endless possibilities to explore!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,485
Lot Size100 ft x 150 ft
mls© NumberN14081246
Listed ByCENTURY 21 LEADING EDGE REALTY INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$1,530
Property tax
$290
Heat allowance
$150
Housing costs
$1,971 / mo

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

Down payment20% · $59,800
25-yr amortization

Income needed

$61,000

gross annual household income

Payment at 4%
$1,258 / mo
Cash down
$59,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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