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Price Change$1,199,800

137 Wesley Street

Gorham-College Manor, Newmarket

$999,800

Detached|1 1/2 Storey
3 | 2 | 6
About this home

Attention Builders/Contractors/Investors, Renovate Existing Home Siting On a 100'X100' lot or Own Three (3) Lots And Build Three Detached Homes Side-By-Side In A Well-Established Neighbourhood In The Heart Of Newmarket. Each Lot Is Approx. 33' X 100', Zoned As R1-D, With Up To 35% Coverage And 8.5m Height. Minor Variance And Consent Applications Approved, Permitting A Single Family Home With Allowance For One Accessory Dwelling With A Separate Entrance On Each Lot. Existing House Can Be Demolished With Development Charges Credited To The New Development (Approx. $140K In Potential Savings). Option For Two Lots (Approx. 50' X 100' Each) Is Also Approved and Available. Close To Main St., Go Train Station, Several Schools, Southlake Hospital And Fairy Lake. Surveys, R-Plan And Legal Description Are Available Upon Request. Existing House And All Contents Are Sold As-Is, Where-Is.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,797
Lot Size100 ft x 100 ft
mls© NumberN12156465
Listed ByCOLDWELL BANKER THE REAL ESTATE CENTRE

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$5,117
Property tax
$400
Heat allowance
$150
Housing costs
$5,667 / mo

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

Down payment20% · $199,960
25-yr amortization

Income needed

$174,000

gross annual household income

Payment at 4%
$4,207 / mo
Cash down
$199,960

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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