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Rural King, King
$5,350,000
An action packed country property for the outdoor lifestyle enthusiast. 2 detached legal homes! 2 barns. Pond. Huge views. Tennis court. Indoor salt water pool complex! Come see this 25 acre property located in a prime location on the19th Sideroad. Minutes to Hwy 400, Aurora, top schools and great golf courses. The views from the main house are superb and overlook the protected lands held by the University of Toronto. Newly renovated kitchen and bathrooms. Elegant living spaces, multiple fireplaces and all rooms have impressive views. The outdoor stone terrace is a favorite summer dining area. Significant income from the 2nd home rental and the stable rental. Large indoor and outdoor riding arenas. Tenant willing to stay or vacant occupancy can be provided. Come see this serene setting close. Large estates as neighbours.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 5000 + sq. ft. |
| Property Tax | $9,353 |
| Lot Size | 820 ft x 1338 ft |
| mls© Number | N13044502 |
| Listed By | MOFFAT DUNLAP REAL ESTATE LIMITED |
Listing History
- No recent sale history for this listing.
- 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%
- $27,384
- Property tax
- $779
- Heat allowance
- $150
- Housing costs
- $28,313 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$871,000
gross annual household income
- Payment at 4%
- $22,514 / mo
- Cash down
- $1,070,000
Assumes no other monthly debts · 25-yr amortization
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