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Listed 11 days ago

243 Ridout Street

Port Hope, Port Hope

$705,000

Detached|1 1/2 Storey
3 | 2 | 2
About this home

A rare combination in historic Port Hope: a spacious, light-filled century home on a truly private ravine lot, within an easy walk of historic downtown. Behind its traditional front verandah, nearly 1,840 square feet unfolds with far more space than the streetscape suggests - and an impressive surprise at the rear of the home. The bright foyer and generous living room feature tall original windows with distinctive blown glass, while the adjoining dining room continues the home's original pine flooring before leading into the updated kitchen and substantial family room beyond. Here, wall-to-wall, floor-to-ceiling windows and sliding glass doors draw in natural light and frame the mature trees and ravine, while a gas fireplace anchors the room. With the kitchen open to this expansive living space, the back of the home feels both relaxed and dramatic. Also on the main floor is a large bedroom with an adjoining two-piece bath and laundry area - an increasingly sought-after feature for buyers looking for the convenience of main-floor living. Upstairs, original wide-plank pine floors continue through the hall, bedrooms and dressing area, complemented by an updated four-piece bath and several newer windows throughout the home. Outside, the privacy is exceptional. Neighbouring homes are almost entirely out of sight from the backyard, with mature trees, the depth of the property and the ravine creating a remarkably secluded setting.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,979
Lot Size31.46 ft x 159.02 ft
mls© NumberX13860724
Listed ByRoyal Service Real Estate Inc.

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%
$3,609
Property tax
$415
Heat allowance
$150
Housing costs
$4,173 / mo

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

Down payment20% · $141,000
25-yr amortization

Income needed

$128,000

gross annual household income

Payment at 4%
$2,967 / mo
Cash down
$141,000

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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