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5406 - Copeland Park, Belair Park - Copeland Park and Area
$699,000
An excellent investment/first time buyer opportunity that offers flexibility of use/rental income with two separate units combined with upside of a large lot in a great location - Refreshed 3 bed room side-split with fully finished basement apartment with separate entrance, convenience of a central location steps to copeland park and potential of large 56*102ft lot. Open concept main floor with modern kitchen featuring granite counter tops, stainless steel appliances and breakfast bar. Hardwood on main level. Wood burning fireplace in living room. Updated full bathroom. Master suite on the upper level with renovated three piece ensuite . Fully finished lower level with kitchen, full bathroom and separate side entrance. Private double driveway with lots of parking. Rear deck. Large, fully fenced back yard. Great access to amenities, Algonquin, buses and 417. The 3rd bedroom on main level can be optionally used as a dining room. Seller or listing broker do not warrant the retrofit status of basement apartment.
No extras listed.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,839 |
| Lot Size | 56 ft x 102.84 ft |
| mls© Number | X13691950 |
| Listed By | INTERNATIONAL REALTY FIRM, 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%
- $3,578
- Property tax
- $403
- Heat allowance
- $150
- Housing costs
- $4,131 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$127,000
gross annual household income
- Payment at 4%
- $2,942 / mo
- Cash down
- $139,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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