




887 Philip Street
Northcrest Ward 5, Peterborough
$565,000
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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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,511 |
| Lot Size | 56 ft x 100 ft |
| mls© Number | X13843256 |
| Listed By | THE 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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