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Listed 3 months ago

17300 Simcoe Street N

Port Perry, Scugog

$1,800,000

Detached|Bungalow
2 | 4 | 4
About this home

Oversized Italian style Bungalow with residential/ commercial zoning (C6); Fenced and Gated. Being sold as a single entity with commercial building attached for the same price. 4 Bedrooms, 4 Washrooms, 2 kitchens, Family room, fireplace, Separate entrance to basement and indoor pool. Tandem garage can fit 2 vehicles. Over $200k spent on upgrades and improvements; New roof, New water softener, new UV water treatment unit, New New Bathrooms, upgraded kitchens, New stairs, New flooring, New pot lights, **Great for end user to live and work from home or as an investment. ** Total rent for both properties $10,900. Per mth , Tenants pay individual Hydro. ** Shop next has 4 offices, 2 Washrooms, 30 parking spots and separate commercial driveway- currently being used as auto parts distribution centre. ** 2 Wells, 2 Septic, 2 driveway ** 0.84 Acres can be redeveloped into an income machine. **C-6 Zoning allows for mixed use residential/ Automotive and Trades; Electrician, Carpenter, plumber etc.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$12,251
Lot Size240 ft x 152 ft
mls© NumberE13084814
Listed ByVERTICAL MARKETING REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$9,213
Property tax
$1,021
Heat allowance
$150
Housing costs
$10,384 / mo

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

Down payment20% · $360,000
25-yr amortization

Income needed

$320,000

gross annual household income

Payment at 4%
$7,575 / mo
Cash down
$360,000

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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