169 Penn Avenue
Bristol-London, Newmarket
$749,000
Fantastic Investment Opportunity * 3+2 Bedroom * Legal Registered Basement * 1 Min Walk To Davis Drive & Transit * A Fantastic Opportunity For Investors, First-time Buyers & Extended Families * This bright & Charming Well-Maintained Bungalow Offers A Versatile Layout * Multiple Income Opportunities * The Main Floor Features 3 Spacious Bedrooms * Living Room W/ A Large Bay Window, Dining & A Well-Appointed Kitchen * Finished basement Offers 2 Separate Registered Units Each W/ Its Own Bedroom, Kitchen & Washroom * This Is An Outstanding Feature For Investors Looking To Generate Rental Income * Outside Enjoy A Private Backyard W/ Mature Trees & A Great Space For Relaxing & Entertaining * Location A Major Highlight W/ Walking Distance To Davis Drive & Public Transit & Conveniently Close To Schools, Parks, Grocery Stores, Shopping, Restaurants & Upper Canada Mall * Enjoy Easy Access To Major Roads, Main Street Newmarket & Fairy Lake Newmarket * Don't miss this unique investment opportunity!
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| Type | Semi-Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,816 |
| Lot Size | 32.5 ft x 95 ft |
| mls© Number | N13799914 |
| Listed By | HOMELIFE EAGLE REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,834
- Property tax
- $318
- Heat allowance
- $150
- Housing costs
- $4,302 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$132,000
gross annual household income
- Payment at 4%
- $3,152 / mo
- Cash down
- $149,800
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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