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Listed 10 days ago

362 Simons Avenue

Northcrest Ward 5, Peterborough

$650,000

Detached|Bungalow
3 | 2 | 4
About this home

Welcome to the Central North end of Peterborough, within walking distance to all of the stores and bus routes on Chemong Road. This very well-maintained bungalow is approximately 1500 ft sq on the main floor, with a large main floor family room edition behind the double car garage. Both of the bathrooms up and down have been updated, as well as the kitchen a few years ago. Gleaming hardwood floors throughout. This home is located on an extra large lot with the home built to one side for future severance of a lot once city services become available. Gas, heat, central air, and a back up generator - all appliances included. This one will go fast. Seller has not used the wood burning fireplace in many years and cannot guarantee it would pass a W.E.T.T. certification. Pre-sale home inspection completed.

Extras

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$6,272
Lot Size170.02 ft x 104.01 ft
mls© NumberX13872016
Listed ByRoyal LePage Frank Real Estate

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%
$3,327
Property tax
$523
Heat allowance
$150
Housing costs
$4,000 / mo

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

Down payment20% · $130,000
25-yr amortization

Income needed

$123,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$130,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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