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Listed 2 months ago

1008 Rainbow Valley Road W

Rural Springwater, Springwater

$724,900

Detached|Sidesplit
3 | 2 | 8
About this home

Top 5 Reasons You Will Love This Home: 1) Unlock exceptional potential with this unique 1.36-acre property, offering flexible Highway Commercial (CH) zoning that presents exciting opportunities for entrepreneurs, investors, and business owners alike. Whether you're looking to operate a business, expand your existing venture, or invest in a property with long-term potential, the versatile permitted uses provide incredible flexibility for the future 2) Endless possibilities continue inside the detached sidesplit residence, where spacious open-concept living areas are filled with natural light, highlighted by a bright kitchen complete with a water filtration system and comfortable spaces ready to personalize and make your own 3) Designed to accommodate a variety of lifestyles, the home features three generously sized bedrooms, two well-appointed bathrooms, and a versatile recreation room, providing plenty of space for families, guests, hobbies, or working from home 4) Complementing the home's outstanding versatility are a detached double-car garage, a separate workshop, and two convenient entrances, including a rear mudroom entrance that creates an ideal setup for a home-based business, professional office, client access, additional storage, or creative workspace 5) Ideally situated just minutes from Highway 400, Horseshoe Valley Resort, Snow Valley, and Barrie, this exceptional property combines the tranquility of country living with outstanding accessibility, making it an ideal place to live, work, and invest. 1,396 sq.ft. plus a finished lower level. *Please note some images have been virtually staged to show the potential of the home.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleSidesplit
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$6,331
Lot Size200 ft x 274 ft
mls© NumberS13622420
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

Listing History

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

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,710
Property tax
$528
Heat allowance
$150
Housing costs
$4,388 / mo

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

Down payment20% · $144,980
25-yr amortization

Income needed

$135,000

gross annual household income

Payment at 4%
$3,050 / mo
Cash down
$144,980

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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