434 Main Street W
Rural Melancthon, Melancthon
$929,900
Here is an ideal Investment Opportunity In One Of The Fastest Growing Communities In Ontario. Just at the outskirt of town, a bungalow with in 3.43 acre of land. Main floor 3 bed 1 full bath. Lower level is a full in law suit with a Kitchen and 3 bedrooms. Situated On A Paved Road & Services Available At Street Level. New Homes Being Developed as well as commercial properties nearby. There is a lot of potential.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,503 |
| Lot Size | 132 ft x 654 ft |
| mls© Number | X14084410 |
| Listed By | HOMELIFE/MIRACLE REALTY LTD |
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%
- $4,760
- Property tax
- $459
- Heat allowance
- $150
- Housing costs
- $5,368 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$165,000
gross annual household income
- Payment at 4%
- $3,913 / mo
- Cash down
- $185,980
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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