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Listed 1 month ago

17 Davis Drive

Port Loring, Parry Sound Remote Area

$399,000

Detached|Bungalow
0 | 1 | 8
About this home

Port Lorings favourite little bakery is for sale, This small town antique gift shop and bakery is a must stop for tourists and locals. For years the shop has supplied this beautiful community with unique gifts and sweet treats. You can purchase the business at an extra cost to continue on the already successful business or purchase it as is and create your own shop. New metal roof 2 years ago and new septic system with weeping bed 5 years ago. Town water is around $160 every 3 months. Bakery equipment can be included if you choose to continue the business as a bakery or use the existing building to turn into a home or create your own business. Port Loring is an unorganized community so property taxes are less and building permits are not needed so you can make changes with ease. Come walk through this charming little shop with me.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$2,100
Lot Size63.85 ft x 154.78 ft
mls© NumberX13703218
Listed ByForest Hill Real Estate Inc.

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%
$2,042
Property tax
$175
Heat allowance
$150
Housing costs
$2,367 / mo

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

Down payment20% · $79,800
25-yr amortization

Income needed

$73,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

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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