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Listed 12 days ago

153 Lumber Road

Victoria Harbour, Tay

$275,000

Detached|Bungalow
1 | 1 | 4
About this home

Ready to stop renting and start building equity? This affordable handyman special offers an exciting opportunity to step into homeownership and create a space that's truly your own. With some vision, creativity, and sweat equity, this property has plenty of potential-whether you're looking for a place to call home, an investment opportunity, or your next renovation project.Currently configured as a one-bedroom home, the flexible layout offers possibilities to create additional bedroom space and customize the interior to suit your needs. Once inside, you'll quickly see the many options this property has to offer. Conveniently located within a short walk of everyday amenities and the lake, you can enjoy both convenience and the lifestyle that comes with being close to the water.Bring your ideas, roll up your sleeves, and transform this property into your own little piece of paradise! Property, including its contents, is being sold "as is."

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$1,708
Lot Size66 ft x 135.7 ft
mls© NumberS13696374
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%
$1,408
Property tax
$142
Heat allowance
$150
Housing costs
$1,700 / mo

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

Down payment20% · $55,000
25-yr amortization

Income needed

$52,000

gross annual household income

Payment at 4%
$1,157 / mo
Cash down
$55,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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