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New2 days ago

1619 Snake Road

Grindstone, Burlington

$699,900

Detached|Backsplit 5
3 | 3 | 7
About this home

Opportunity awaits on this generous 204.99' x 250' rural lot in Burlington, surrounded by executive homes and offering excellent highway access. The existing 5-level backsplit is brick and siding and requires updating, presenting an opportunity for a renovation or potential redevelopment. The home features a separate dining room, a sunroom with a walkout to the yard, 3 nice sized bedrooms, One full and two 2-piece bathrooms including a 2-piece ensuite, plus a full basement with recreation room and workshop. Propane furnace, 2018. Attached garage with inside entry and driveway parking for up to 6 vehicles. Cistern and septic systems. Sump pump with battery backup 2024. Enjoy a country setting with convenient access to Clappison Woods Nature Reserve, Eileen John Holland Nature Sanctuary, Hidden Valley Park and the Royal Botanical Gardens. Amazing hiking opportunities on the Bruce Trail, including Bruce Trail access to Borer's Falls It is also close to amenities in Waterdown and Burlington. The best of both worlds. A property with plenty of possibilities for buyers with vision.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBacksplit 5
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,123
Lot Size204.99 ft x 250 ft
mls© NumberW13835542
Listed ByROYAL LEPAGE STATE REALTY

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$3,582
Property tax
$427
Heat allowance
$150
Housing costs
$4,159 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$128,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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