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Listed 27 days ago

39 Savarin Street

Wasaga Beach, Wasaga Beach

$350,000

Detached|Bungalow
0 | 0 | 0
About this home

LAND VALUE ONLY - BUILD YOUR DREAM HOME! Rare opportunity in an established Wasaga Beachneighbourhood. Situated on a generous 50 ft x 117 ft lot surrounded by mature trees, thisproperty offers excellent potential for a custom home or cottage retreat. The existingdwelling has sustained extensive fire damage and is not habitable in its current condition.Property is being sold in "as is, where is" condition. Conveniently located near the sandyshores of Wasaga Beach, local shops, restaurants and recreational amenities. Any futurerebuilding or redevelopment is subject to applicable municipal approvals.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$1,366
Lot Size49.98 ft x 117 ft
mls© NumberS13813784
Listed ByKW Living Realty

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%
$1,791
Property tax
$114
Heat allowance
$150
Housing costs
$2,055 / mo

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

Down payment20% · $70,000
25-yr amortization

Income needed

$63,000

gross annual household income

Payment at 4%
$1,473 / mo
Cash down
$70,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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