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Listed 2 months ago

14 Elgin Street S

Colborne, Cramahe

$549,999

Detached|Bungalow
3 | 2 | 4
About this home

Welcome to 14 Elgin St S, a spacious 3+2 bedroom, 2-bathroom bungalow offering the perfect blend of comfort, and convenience. Nestled on a generous corner lot, this home places you just moments away from downtown Colborne and within easy walking distance of Colborne Public School. The bright main floor features a comfortable living room, a spacious eat-in kitchen designed for family meals, three well-sized bedrooms, and a full 4-piece bathroom. The fully finished basement significantly expands your living space, boasting an expansive family room, two additional versatile bedrooms, a dedicated laundry area, and a convenient 2-piece bathroom. Complete with a 1-car attached garage and fantastic curb appeal, The fence along back of the property has recently been updated, this is an ideal opportunity for families, first-time buyers, or down-sizers looking for a highly walkable, family-friendly location!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,391
Lot Size120 ft x 65 ft
mls© NumberX13719908
Listed ByRE/MAX Rouge River Realty Ltd.

Listing History

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  • 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%
$2,815
Property tax
$283
Heat allowance
$150
Housing costs
$3,248 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$100,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

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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