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Alcona, Innisfil
$499,000
Potential. Possibility. Opportunity. Set within the charming community of Alcona in Innisfil, this property offers an opportunity to bring new life to a home that has been well loved, but is now ready for a fresh start. The home will require significant updating and repairs, making it best suited to a buyer with a vision for renovation. The existing home offers a starting point to renovate and reimagine the space to suit your own style, whether you're looking to create a comfortable family home, take on a rewarding renovation, or explore its potential as an investment.The surrounding neighbourhood is a definite highlight, with a welcoming residential feel and the kind of established community setting that makes this such an appealing place to call home. Convenient access to local amenities, schools, parks, and Lake Simcoe, the setting provides a great backdrop for whatever comes next. This is an opportunity for buyers prepared to take on the work and unlock the potential this property has to offer.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,700 |
| Lot Size | 49.2 ft x 131.2 ft |
| mls© Number | N14083184 |
| Listed By | KELLER WILLIAMS EXPERIENCE 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%
- $2,554
- Property tax
- $308
- Heat allowance
- $150
- Housing costs
- $3,012 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$93,000
gross annual household income
- Payment at 4%
- $2,100 / mo
- Cash down
- $99,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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