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Listed 2 months ago

1304 Avon Crescent

1011 - MO Morrison, Oakville

$1,449,000

Detached|Bungalow
3 | 2 | 4
About this home

Sitting on a pristinely landscaped lot in coveted Morrison in SE Oakville, 1304 Avon Crescent offers an incredible development opportunity. Tucked in the centre of an immensely private pocket, surrounded by multiple parks, Wedgewood Creek, Wedgewood park with outdoor pool + walking distance to highly rated local schools, this is a special location. With the current zoning and lot size of 60ft x 132ft, the lot can comfortably accommodate a new build of approximately 3,000 square feet without a variance. The current brick bungalow is solid and could be rented while plans of your dream home are being crafted. This is a crescent with a neighbourly community + ideal for a family. Highly desired school catchment, close to local amenities + commuting options.

Extras

No extras listed.

TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$6,901
Lot Size60 ft x 132 ft
mls© NumberW13221994
Listed ByCENTURY 21 MILLER REAL ESTATE LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,417
Property tax
$575
Heat allowance
$150
Housing costs
$8,142 / mo

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

Down payment20% · $289,800
25-yr amortization

Income needed

$251,000

gross annual household income

Payment at 4%
$6,098 / mo
Cash down
$289,800

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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