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Listed 12 days ago

130 - 5330 McFarland Road

Rural Hamilton, Hamilton Township

$699,000

Detached|Bungalow
2 | 1 | 6 | 0
About this home

Thoughtfully updated Rice Lake Waterfront property, enjoy the entire Trent Severn Waterway from your new dock. Northwestern exposure for amazing sunsets, this area is well known for excellent fishing and miles and miles of lock free boating. 2+1 bedroom bungalow with walkout basement, over 200k in recent updates, 179 ft deep lot, new driveway parking area, armour stone, fenced backyard with patio, super low maintenance design so you can spend more time enjoying the outdoors & lake! Every detail considered to maximize your view & privacy. Some of the recent improvements include: Board & Batton Style vinyl siding, steel roof, wrap around deck & railings, fence, dock, windows, staircase, electrical, drywall, kitchen, bathroom, appliances, lights and fans inside & out, landscaping +++ Forced Air Propane furnace for year round enjoyment! Great location with Marina's/boat launches nearby, shops, only an hour to the GTA. New flooring and some interior doors/trim etc being finished week of October 16th.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size< 700 sq. ft.
Property Tax$3,384
mls© NumberX13870208
Listed ByRE/MAX ROUGE RIVER REALTY LTD.

Listing History

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  • 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%
$3,578
Property tax
$282
Heat allowance
$150
Housing costs
$4,010 / mo

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

Down payment20% · $139,800
25-yr amortization

Income needed

$123,000

gross annual household income

Payment at 4%
$2,942 / mo
Cash down
$139,800

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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