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Listed 25 days ago

466 7th Avenue E

Owen Sound, Owen Sound

$550,000

Detached|Bungalow
2 | 3 | 4
About this home

Top 5 reasons you'll love this home: pride of ownership, major updates already completed, beautiful mature landscaping, flexible living space, and move-in-ready comfort. This beautifully maintained red-brick bungalow is the kind of home where you can simply move in and enjoy, with the roof, windows, doors, furnace, insulation, concrete driveway and gutter guards already taken care of. Outside, mature trees, shrubs, flowers and a manicured lawn create a picturesque setting, while the double-wide concrete driveway provides plenty of parking. Inside, original strip hardwood floors add warmth and character, complemented by oversized newer windows that fill the home with natural light. The main floor features a spacious living room, formal dining room, kitchen and two well-sized bedrooms, including an oversized primary retreat with a convenient two-piece ensuite and laundry. An additional three-piece bathroom provides the convenience of two bathrooms on the main level. Downstairs, the finished lower level feels far removed from the typical basement, with updated flooring, trim, paint, pot lights, good ceiling height and insulation throughout. A large recreation room with gas fireplace creates a comfortable gathering space, while a kitchenette/sink area, laundry, updated four-piece bathroom and two additional bonus rooms offer plenty of flexibility. A separate backyard entrance adds even more potential, including the possibility of an in-law suite or additional living space. With extensive updates already completed, versatile living space on both levels and a beautifully cared-for property inside and out, this is a home that's ready for its next owners to settle in and enjoy.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,352
Lot Size75.19 ft x 100.99 ft
mls© NumberX13760170
Listed ByCentury 21 Millennium 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%
$2,815
Property tax
$363
Heat allowance
$150
Housing costs
$3,328 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

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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