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Listed 2 months ago

1539 Cherryhill Road

Monaghan Ward 2, Peterborough

$649,900

Detached|2-Storey
3 | 4 | 3
About this home

Life in Peterborough's west end. Kawartha Heights, a convenient and upscale west end community in Peterborough. Here is your opportunity for a beautiful custom built home, with rental income supporting a great part of the mortgage! Steps to Kawartha Heights Park and minutes from amenities, shopping, schools, and restaurants. Beautiful home with upgrades, including granite counters, marble backsplash, stainless steel appliances, gas cookstove, and professional landscaping. Great in-law suite potential for extended family. Elevated deck with a fantastic view, and an amazing place for entertaining and barbecue nights! Large primary bedroom with 4 piece ensuite and walk-in closet. Main floor features, laundry with gas dryer, dining room, 2 pc bathroom and a separate entrance from the attached garage. The walkout basement includes its own kitchen and laundry room, walk-in closet, newer bathroom, and a gas fireplace. Huge fenced yard and a second hangout spot on the lower deck. Quiet location, wonderful curb appear, just outstanding value here ... Come enjoy life in the west end.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$5,591
Lot Size70 ft x 145 ft
mls© NumberX13728884
Listed ByRoyal Lepage Proalliance Realty

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%
$3,326
Property tax
$466
Heat allowance
$150
Housing costs
$3,942 / mo

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

Down payment20% · $129,980
25-yr amortization

Income needed

$121,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

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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