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Listed 4 months ago

14547 Highway 48 N/A

Rural Whitchurch-Stouffville, Whitchurch-Stouffville

$4,500,000

Detached|Other
2 | 1 | 18
About this home

Excellent opportunity to acquire approximately 93 acres of prime real estate situated along the highly trafficked Highway 48 in Stouffville. The property boasts a large 50' x 80' truck garage, ideal for various uses, along with a 2-bedroom residence. With ample space for additional storage or trailers, this property offers exceptional versatility. Its proximity to Stouffville, Ballantrae, and easy access to Highway 404 enhances its accessibility, making it a great investment for a wide range of potential applications.very private setting while being directly off 48. Ideal for contractors.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleOther
Approx. Age51-99
Size< 700 sq. ft.
Property Tax$10,242
Lot Size1359.3 ft x 2989 ft
mls© NumberN12966958
Listed ByRE/MAX ALL-STARS REALTY INC.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$23,033
Property tax
$853
Heat allowance
$150
Housing costs
$24,037 / mo

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

Down payment20% · $900,000
25-yr amortization

Income needed

$740,000

gross annual household income

Payment at 4%
$18,937 / mo
Cash down
$900,000

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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