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Listed 18 days ago

7 Simmons Street

Colborne, Cramahe

$469,000

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

A Fresh Opportunity in the Heart of Colborne! Just a short stroll from Colborne's charming main street, this character-filled home offers a great combination of location, flexibility and outdoor living. Enjoy the convenience of local shops, restaurants and community amenities just minutes from your door. Inside, high ceilings and large windows create a bright, welcoming feel throughout the main floor. The updated kitchen offers a functional space for every day living and opens directly to the backyard, making it easy to enjoy summer meals and entertaining outdoors. A main-floor bedroom and laundry add everyday convenience, while the generously sized bathrooms provide plenty of comfort and functionality. Outside the beautiful backyard features mature landscaping, a lovely pergola and plenty of room to relax, garden, entertain or enjoy a quiet evening at home. With its walkable location, inviting character and wonderful outdoor space, this home is ready for its next chapter..

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$2,194
Lot Size50 ft x 207 ft
mls© NumberX13847028
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%
$2,401
Property tax
$183
Heat allowance
$150
Housing costs
$2,733 / mo

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

Down payment20% · $93,800
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,974 / mo
Cash down
$93,800

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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