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Rural Oro-Medonte, Oro-Medonte
$1,688,000
First time offered for sale. This is a truly wonderful waterfront property, with over 75 feet of waterfront on Lake Simcoe. Solid break wall at the waters edge and a concrete dry slip for your boat. The house is over 2100 SqFt in size. Complete with 3 bedrooms, 2 full bathrooms and a powder room. The home has been extremely well maintained but is dated, which is reflected in the price. Bring your vision and renovate to your own taste. Enjoy lake views from all principle rooms and balcony off the master bedroom. Never worry about power outages with the Generac system which offers immediate power in the event of an outage. This property is great value.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $10,169 |
| Lot Size | 75.02 ft x 210 ft |
| mls© Number | S13829180 |
| Listed By | RE/MAX HALLMARK CHAY REALTY |
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%
- $8,640
- Property tax
- $847
- Heat allowance
- $150
- Housing costs
- $9,637 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$297,000
gross annual household income
- Payment at 4%
- $7,103 / mo
- Cash down
- $337,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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