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Listed 13 days ago

31 Ridge Road

Hallowell Ward, Prince Edward County

$465,000

Detached|Bungalow
2 | 2 | 5
About this home

Welcome to 31 Ridge Road, a bright and spacious 2+1 bedroom, 1.5 bathroom bungalow situated on a large lot just under one acre in beautiful Prince Edward County. This home features a sunken living room, an attached garage with convenient inside entry, and a primary bedroom complete with a 2-piece ensuite. The spacious main bathroom offers double sinks, a separate shower, a jet soaker tub, and sliding door access to the deck. The kitchen overlooks a private backyard, while the enclosed front porch provides the perfect place to relax and enjoy the peaceful surroundings. The paved driveway, mature setting, and generous lot offer the ideal balance of rural living and privacy while being just minutes from downtown Picton, the hospital, wineries, beaches, shopping, dining, and everything Prince Edward County has to offer. With some TLC and updating, this property presents an excellent opportunity to add value and create a wonderful home in a highly desirable location.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$3,116
Lot Size320.9 ft x 234.24 ft
mls© NumberX13816250
Listed ByExit Realty Group

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%
$2,380
Property tax
$260
Heat allowance
$150
Housing costs
$2,790 / mo

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

Down payment20% · $93,000
25-yr amortization

Income needed

$86,000

gross annual household income

Payment at 4%
$1,957 / mo
Cash down
$93,000

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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