1939 Altona Road
Highbush, Pickering
$7,900,000
INFILL Townhome Development Site in Pickering. 57 Units. 11 Traditional Towns Backing Onto Altona Forest. 46 Large Stacked Towns, ( 3 bed 3 bath, with NO UNDERGROUND PARKING) all townhomes have private above ground Garages with direct access to each unit. Currently leased and operating as a Tree supply and landscaping business. See attachments for site plan and townhome layouts.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $27,478 |
| Lot Size | 0 ft x 0 ft |
| mls© Number | E13813044 |
| Listed By | HUMBER VALLEY REAL ESTATE GROUP LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $40,436
- Property tax
- $2,290
- Heat allowance
- $150
- Housing costs
- $42,876 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$1,319,000
gross annual household income
- Payment at 4%
- $33,244 / mo
- Cash down
- $1,580,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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