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Listed 14 days ago

1213 ERINDALE Drive

5406 - Copeland Park, Belair Park - Copeland Park and Area

$699,000

Detached|1 1/2 Storey
3 | 3 | 5
About this home

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.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,839
Lot Size56 ft x 102.84 ft
mls© NumberX13691950
Listed ByINTERNATIONAL 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.

Down payment20% · $139,800
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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