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Listed 10 days ago

159 Lakeshore Road W

Rural Oro-Medonte, Oro-Medonte

$1,688,000

Detached|2-Storey
3 | 3 | 10
About this home

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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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$10,169
Lot Size75.02 ft x 210 ft
mls© NumberS13829180
Listed ByRE/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.

Down payment20% · $337,600
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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