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Port Loring, Parry Sound Remote Area
$349,000
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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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $900 |
| Lot Size | 83.49 acres x 175.38 acres |
| mls© Number | X12548204 |
| Listed By | Forest 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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