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Listed 20 days ago

309 William Street

Shelburne, Shelburne

$599,900

Detached|Bungalow
2 | 2 | 4
About this home

Think of the possibilities - this great bungalow on huge lot, 60' x 150') in downtown Shelburne offers a full 2 bedroom home on each level, with separate entrance to the basement - an ideal choice for savvy investors or homebuyers seeking a mortgage-helping rental unit. Maybe this is the home that gets you and a partner/brother/sister/parent into the real estate market but gives each of you, your own private space?! Main floor features a bright living room with gas fireplace and eat-in kitchen overlooking rear yard, with the added bonus of convenient ensuite laundry tucked away. A spacious primary bedroom features storage closet, full 4 piece bathroom and secondary bedroom/office. Separate entrance to the basement is accessed via the garage and offers extra storage. The basement also features living/dining room with gas fireplace, kitchen, ensuite laundry, full 4-piece bathroom, large primary bedroom and second bedroom/office. The rear yard is separated down the middle with two separate outdoor spaces, each fenced for privacy and four legged family. Enjoy a beautiful lot with mature trees. Lower level is currently tenanted.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,409
Lot Size60 ft x 150 ft
mls© NumberX13833890
Listed ByROYAL LEPAGE RCR 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%
$3,071
Property tax
$367
Heat allowance
$150
Housing costs
$3,588 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$110,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

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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