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Listed 10 days ago

775 8th Avenue E

Owen Sound, Owen Sound

$440,000

Detached|Bungalow
2 | 1 | 6
About this home

Welcome to this well-maintained bungalow ideally located close to local schools, the hospital, and everyday amenities. Offering convenient one-level living, the main floor features a bright, open kitchen and living area, an oversized primary bedroom, a second bedroom, and a four-piece bathroom. The lower level provides excellent additional living space with a large finished family room, laundry area, and plenty of dry storage. Lovingly maintained over the years, this home offers plenty of potential for its next owners. Outside, the double detached garage with electricity is an added bonus, providing ample space for vehicles, storage, or the perfect workshop. A great opportunity for anyone looking for a comfortable bungalow in a convenient east-side location.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,353
Lot Size55 ft x 105 ft
mls© NumberX13823856
Listed ByRon Hopper Real Estate Ltd.

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%
$2,252
Property tax
$279
Heat allowance
$150
Housing costs
$2,682 / mo

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

Down payment20% · $88,000
25-yr amortization

Income needed

$83,000

gross annual household income

Payment at 4%
$1,852 / mo
Cash down
$88,000

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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