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Listed 8 days ago

85 Catering Road

Sutton & Jackson's Point, Georgina

$569,000

Detached|Bungalow
2 | 1 | 4
About this home

Welcome to 85 Catering Road. This home has 2 bedrooms and one large bathroom. Large eat-in kitchen and storage room at back of home. Large living room with fireplace for those cold winter nights. This is a large property with so much potential. Treed backyard for privacy. Nice front deck leading from the front door. Side entrance that has roof area to get to side entrance of garage. Detached single car garage and nice long driveway for additional parking. Part of the front yard is fenced so perfect for the family dog. This home needs a bit of love and is perfect for a Handyman or someone looking to build their own new home (Buyer to do their own due diligence regarding building). Great location just minutes to downtown Sutton and lots of shopping, schools, place of worship, restaurants, community pool and library. Come take a look and see the potential.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,120
Lot Size150.04 ft x 150.04 ft
mls© NumberN13831890
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$2,912
Property tax
$177
Heat allowance
$150
Housing costs
$3,239 / mo

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

Down payment20% · $113,800
25-yr amortization

Income needed

$100,000

gross annual household income

Payment at 4%
$2,394 / mo
Cash down
$113,800

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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