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New5 days ago

62 Melrose Avenue

Codrington, Barrie

$521,999

Detached|Bungalow
3 | 2 | 3
About this home

Located in a quiet, mature and well-established neighbourhood, this detached home presents an excellent opportunity for buyers looking to renovate and add value. Conveniently situated just minutes from Highway 400, Royal Victoria Regional Health Centre, Georgian College, schools, parks, shopping and other everyday amenities, the property offers a desirable location with excellent accessibility.The home features a functional layout with spacious principal rooms and well-sized bedrooms, providing a practical starting point for a complete renovation. A separate entrance offers added flexibility for future use, subject to buyer verification and any required approvals. The generously sized backyard provides good privacy and ample outdoor space for family enjoyment or future landscaping improvements.This property is ideal for contractors, renovators, investors or buyers looking for the opportunity to update a home to their own taste and preferences in an established neighbourhood. Sold in "as is" condition, with no representations or warranties.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,800
Lot Size53 ft x 165 ft
mls© NumberS14033486
Listed ByMASTER`S TRUST REALTY INC.

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%
$2,672
Property tax
$400
Heat allowance
$150
Housing costs
$3,222 / mo

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

Down payment20% · $104,400
25-yr amortization

Income needed

$99,000

gross annual household income

Payment at 4%
$2,197 / mo
Cash down
$104,400

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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