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Listed 5 months ago

557 Riverside Drive

Trent Lakes, Trent Lakes

$1,999,900

Detached|Bungalow
3 | 3 | 24
About this home

Welcome to Paradise... THIS is without a doubt one of the most Breathtaking Waterfront Properties in all of Ontario! Located on a private, exclusive and prestigious drive showcasing some of the finest Homes in the region. Featuring Approximately 400 Feet of Pristine Waterfront ranging from a wade in area, perfect for the little ones to approx 20 ft deep Dive friendly areas ideal for Swimming! Minutes away from one of the most Beloved little towns on all of Kawartha Lakes. Who says you can't have your cake and eat it too!? Be at one with the tranquility of Nature as you bask in your little corner of heaven on those lazy hazy summer days, while at the same time enjoy all of life's little conveniences with shopping, restaurants and groceries nearby! Experience Sunrises and sunsets that must be seen to be believed! Other features include: 1.5 Manicured Acres. Oversized detached Garage able to fit 4 cars. Approximately 3000 Square Feet of finished living space. Massive Circular Sunroom with Majestic South, East and North views of the lake. Rarely offered Double Wetslip Boathouse. Enjoy Some of the best Fishing and Boating Opportunities that Ontario has to offer! Home itself has excellent bones but requires updating. With the right touches you will have a truly extraordinary and incredible property worthy of being on the front page of a magazine!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$10,444
Lot Size400 ft x 170 ft
mls© NumberX13145772
Listed ByRE/MAX WEST 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%
$10,236
Property tax
$870
Heat allowance
$150
Housing costs
$11,257 / mo

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

Down payment20% · $399,980
25-yr amortization

Income needed

$346,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$399,980

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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