About this propertyMLS® 1303693
Backing onto the Bowring Park Trail. Built for Family, Loaded with Extras! Welcome home to this spacious two-storey on a quiet street, backing directly onto a beautiful greenbelt with trail access to Bowring Park. Your morning walk starts at the back of your property. The bright, open-concept main floor is made for gathering, with a propane fireplace warming the living and eating area and in-floor heating underfoot. Home cooks will love the kitchen: stainless steel appliances, a propane cooktop, and a built-in convection oven, microwave and food warmer. Hosting Sunday dinner just got a whole lot easier! Upstairs you'll find three massive bedrooms, including a primary retreat with a private ensuite and walk-in closet. The fully developed basement adds a large rec room, an extra bedroom, a half bath, laundry, and a workshop for weekend projects. Step outside to a beautiful patio with a retractable awning, perfect in sun or drizzle, plus a 16 x 20 detached garage and a programmable in-ground sprinkler system that keeps the front and back gardens looking their best. Special features include: In-floor heating on the main floor and in the bathrooms • 2 mini splits • Propane fireplace • Hardwood floors on the main level and bedrooms • Durable Hardie plank siding • Programmable in-ground sprinklers • Detached 16 x 20 garage. Shingles and back patio replaced in 2023. All this is set in a welcoming neighbourhood full of young families, with nature right outside your door. This is the kind of home where you settle in, make memories, and stay awhile. Book your showing today! (id:56688)
Property details
Coordinates: [47.516409, -52.759086]
Rooms
| Basement | Laundry room Bath (# pieces 1-6) Storage Workshop Bedroom Recreation room | 6.7 X 12 null 2PC null 4.7 X 5.9 null 14.3 X 12.10 null 11.3 X 11.3 null 23.10 X 11.4 null |
| Second level | Bath (# pieces 1-6) Ensuite Bedroom Bedroom Primary Bedroom | 3 PC null 3 PC null 16.3 X 11.7 null 16.3 X 11.8 null 11.3 X 18.3 null |
| Main level | Bath (# pieces 1-6) Dining room Eating area Kitchen Living room | 2 PC null 11.3 X 11.6 null 11.10 X 10.4 null 18.3 X 11.9 null 14.11 X 13.3 null |
Basic Calculator
First Mortgage: $479,920
Mortgage insurance premium: $0
Total Financing: $479,920
Rough closing fee (1.5%): ~ $8,999
Total downpayment with estimated closing fee: $128,979
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $3,004 | $36,048 |
| Gross rental income (income/principal ratio) | 0.501% | 6.009% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $750 | $9,000 |
| Vacancy | $151 | $1,803 |
| Management Fee | $241 | $2,884 |
| Expense / Income Ratio | 24.97% | 24.97% |
| Cash Flow | $1,864 | $22,368 |
| Net Operating Income (NOI) | $1,864 | $22,368 |
| Capitalization Rate | 0.31% | 3.73% |
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