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Listed 10 days ago

6 Spencer Street

Picton Ward, Prince Edward County

$498,000

Detached|Sidesplit
3 | 2 | 1
About this home

Welcome to 6 Spencer Street, perfect for first-time buyers, downsizers, or anyone seeking a home on a quiet street in a central Picton location. This bright & inviting three-level side split offers four bedrooms and two bathrooms with a functional and versatile layout, complimented by a large fully fenced yard providing ample space to relax, play, garden and entertain. The main level features a well-equipped kitchen with eat-in dining area, and a comfortable living room. Upstairs, you will find three bedrooms, each with a closet, and a 4-pc bathroom. The lower level adds valuable flexibility and additional living space with a family room, currently being used as a formal dining area, plus an additional bedroom, a two-piece bathroom and a laundry room. The spacious back deck offers a peaceful place to unwind and enjoy the surroundings. Closely located to Picton's downtown, amenities, parks, and schools, this home combines practical living space, outdoor enjoyment and an affordable in-town lifestyle.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleSidesplit
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,699
Lot Size50.48 ft x 116.56 ft
mls© NumberX13827132
Listed ByChestnut Park Real Estate Limited

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%
$2,549
Property tax
$225
Heat allowance
$150
Housing costs
$2,924 / mo

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

Down payment20% · $99,600
25-yr amortization

Income needed

$90,000

gross annual household income

Payment at 4%
$2,096 / mo
Cash down
$99,600

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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