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11554 Hwy 522 Highway

Port Loring, Parry Sound Remote Area

$349,000

Detached|1 1/2 Storey
5 | 1 | 2
About this home

Great investment opportunity! This large refreshed home is perfect for anyone, great for a year round home, or a cottage getaway or as an investment property taking advantage of the already established renters, saving you the hassle of looking for tenants. This home is an older home so is in need of the usual tlc but the sellers are motivated and it is priced to sell. This 5 bedroom home is situated on a .3 acre parcel in the scenic community of Port Loring which is an unincorporated township, meaning your property taxes are lower and there are less hoops to jump through for future renos or building projects. The unorganized township of Port Loring is stunning in every season, close to dozens of lakes, great for fishing, boating, kayaking or swimming. If you are a winter lover, you can hop on your snowmobile and explore the miles and miles of well groomed trails, you may even get to see some of the breathtaking northern wildlife, including deer, moose, many unique birds and so much more. Contact me if you would like more information on unorganized townships or this one of a kind property. Check out the 3D tour included.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$900
Lot Size83.49 acres x 175.38 acres
mls© NumberX12548204
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%
$1,786
Property tax
$75
Heat allowance
$150
Housing costs
$2,011 / mo

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

Down payment20% · $69,800
25-yr amortization

Income needed

$62,000

gross annual household income

Payment at 4%
$1,469 / mo
Cash down
$69,800

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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