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Listed 2 months ago

12 Russell Street E

Lindsay, Kawartha Lakes

$899,500

Detached|2-Storey
5 | 4 | 8
About this home

This grand home has been in the same family for generations & was actually the first bank in Lindsay. This stately property features over 4000 sq ft of living space w/large principal rooms & has been updated over the years while retaining its charm & character. Currently set up as 3 living units this home can be reconfigured as a single family residence w/an in-law suite on the back, or keep it as is & enjoy the rental income potential. Main floor features high ceilings & large updated windows w/lots of natural light. Currently configured w/2 large bdrms w/shared 3pc bth, living room, dining room & kitchen. Second level features a primary bdrm w/3pc ensuite, living room, eat in kitchen, 2 additional bdrms (or rec rooms), study, 3pc bth w/laundry & 2 staircases. The in law suite is located on the back of the home & features 1 bdrm w/3pc ensuite, living room, eat in kitchen & lots of storage. Outside is a large 2 car garage w/plenty of storage space for all your toys, & lots of parking.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age100+
Size3500-5000 sq. ft.
Property Tax$7,539
Lot Size82.5 ft x 132 ft
mls© NumberX13706448
Listed ByAFFINITY GROUP PINNACLE REALTY LTD.

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%
$4,604
Property tax
$628
Heat allowance
$150
Housing costs
$5,382 / mo

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

Down payment20% · $179,900
25-yr amortization

Income needed

$166,000

gross annual household income

Payment at 4%
$3,785 / mo
Cash down
$179,900

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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