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New2 hours ago

1013 Lower Base Line

1044 - TR Rural Trafalgar, Milton

$2,750,000

Detached|Bungalow
3 | 1 | 20
About this home

An exceptional and rare opportunity to acquire 4.54 Acres situated on the north east corner of Trafalgar Rd & Lower Base Line, East, Milton. Positioned directly in path of GTA Expansion, just north of 407/ETR & a short distance from new proposed 413 Corridor and Major upcoming Residential Developments. This is where growth is heading towards. This property offers long term constraints with over 1000 feet frontage on Trafalgar Rd. This property is strategically positioned for future employment/light commercial or mixed use potential as urban boundaries expand and priced at a compelling price for land bankers, investors or owner-users looking to secure land ahead of infrastructure appreciation. This property features a 3 Bedroom Bungalow along with an existing outside Building Storage Shed. Seller will consider leasing back portion of land, terms to be negotiated.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,400
Lot Size240.02 ft x 1003.5 ft
mls© NumberW14134408
Listed ByROYAL LEPAGE MAXIMUM REALTY

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$14,076
Property tax
$533
Heat allowance
$150
Housing costs
$14,759 / mo

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

Down payment20% · $550,000
25-yr amortization

Income needed

$454,000

gross annual household income

Payment at 4%
$11,572 / mo
Cash down
$550,000

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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