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Listed 9 days ago

87 Sibbald Crescent

Sutton & Jackson's Point, Georgina

$799,000

Detached|Bungalow
2 | 1 | 2
About this home

Welcome to 87 Sibbald Cres. 2 minute boat ride to Lake Simcoe! On the River so Boat Dock will be protected in the winter!- An exceptional waterfront property offering 100 feet of frontage and 300 feet of depth on the scenic Black River, with direct boating access to Lake Simcoe.This bungalow has been taken down to the studs, giving you a true blank canvas to create the waterfront home you've always envisioned.Whether you're looking to complete a modest, charming riverfront cottage or design and build your dream waterfront residence, the hard work of demolition has already been started. Adding even more value, the property comes with approved minor variance drawings for a detached garage with a storage loft above, offering flexibility for additional space, hobbies, etc. Set on a peaceful stretch of the Black River, you'll enjoy boating, kayaking, fishing, and breathtaking waterfront views, all while being just minutes from shopping, restaurants, and the renowned Briars Golf Club and Resort community. Whether you're dreaming of a cozy waterfront retreat or a spectacular custom home, opportunities like this - with generous frontage, river access and most of the groundwork already completed - are increasingly rare. Bring your vision and make this incredible waterfront property your own. Highlights: -100' x 30' waterfront lot on the Black River -Direct Access to Lake Simcoe -Bungalow stripped to the studs, ready for your vision -Drilled well, natural gas, and 100-amp electrical service, Approved minor variance drawings for detached garage with loft/storage above, Close to shopping, dining, golf, and year-round recreation - has a boat inlet (past boat house grandfathered - so can re-build! - Recognized by Lake Simcoe Conservation Authority!) **Some pics are AI generated

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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
Size1100-1500 sq. ft.
Property Tax$5,657
Lot Size100 ft x 300 ft
mls© NumberN13607192
Listed ByREAL ESTATE HOMEWARD

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$4,090
Property tax
$471
Heat allowance
$150
Housing costs
$4,711 / mo

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

Down payment20% · $159,800
25-yr amortization

Income needed

$145,000

gross annual household income

Payment at 4%
$3,362 / mo
Cash down
$159,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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