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Listed 24 days ago

253 Morning Side Road

Rural East Gwillimbury, East Gwillimbury

$5,000,000

Detached|Bungalow
4 | 3 | 22
About this home

An exceptional opportunity to invest in the future with this rare 10 acre parcel located in a prime growth corridor of East Gwillimbury! This property offers 333 feet of frontage by 1317 feet deep, ideally situated abutting the Green Lane Secondary Plan, making it a smart long-term investment. Includes a spacious 3,300 sq ft bungalow + multiple barns perfect for current use, rental income, or holding while you plan your vision. Key Highlights: Prime future residential development land Located minutes to Yonge Street, Bathurst, and Green Lane Abutting future Upper York Sewerage solution & secondary plan Private and secluded yet close to all major amenities Easy access to schools, transit, shopping & highway connectionsThis is a rare chance to secure a strategic and sizable parcel in a highly sought-after and fast-growing area. Whether youre a developer, investor, or visionary looking ahead this property checks all the boxes

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$6,977
Lot Size333.07 ft x 1318 ft
mls© NumberN13767718
Listed ByRE/MAX PREMIER INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$25,592
Property tax
$581
Heat allowance
$150
Housing costs
$26,324 / mo

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

Down payment20% · $1,000,000
25-yr amortization

Income needed

$810,000

gross annual household income

Payment at 4%
$21,041 / mo
Cash down
$1,000,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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