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Listed 18 days ago

887 Philip Street

Northcrest Ward 5, Peterborough

$565,000

Detached|Bungalow
3 | 2 | 2
About this home

Attention Investors & Buyers! North End Bungalow with 3 Bedroom In-Law Suite. The main level features kitchen, living and dining, three generously sized bedrooms and one 4pc bathroom. The lower lever, accessible through a separate entrance, includes an in-law suite with three bedrooms, 4pc bathroom, a full kitchen, living area and laundry. Ideal for multigenerational living or rental income potential. ** Property is currently tenanted with no written lease agreement in place. Property is being sold "as is, where is", with the existing tenancy in place and the Buyer(s) will be required to assume the tenant(s) on completion. Seller is not providing vacant possession. Buyer to conduct their own due diligence regarding the tenancy and any future requirements for vacant possession. **

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,511
Lot Size56 ft x 100 ft
mls© NumberX13843256
Listed ByTHE AGENCY

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%
$2,892
Property tax
$376
Heat allowance
$150
Housing costs
$3,418 / mo

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

Down payment20% · $113,000
25-yr amortization

Income needed

$105,000

gross annual household income

Payment at 4%
$2,378 / mo
Cash down
$113,000

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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