515 Ruthel Road
South East, Ajax
$1,088,000
Huge Potential On This Double Lot 100 Ftx 200Ft. Currently A Detached Brick Raised Bungalow In "As-Is" Condition. The Perfect Location For A Large Custom Built Home Or Two Custom Homes On This Approved to be Severed Lot. PRIME WATERFRONT BEACH LOCATION -just seconds from the beach and scenic waterfront trails, surrounded by beautiful custom homes in a prestigious, rapidly developing neighbourhood. Conveniently close to Hwy 401, Paradise Beach, schools, parks, and all amenities - secure premium, deep lots in one of Ajax's most desirable lakeside pockets. Exceptional opportunity in the highly sought-after waterfront community of Ajax! Buyer To Do Own Due Diligence. Vendor Take Back (VTB) Available.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $7,482 |
| Lot Size | 100 ft x 200 ft |
| mls© Number | E14112188 |
| Listed By | RE/MAX HALLMARK FIRST GROUP REALTY 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%
- $5,569
- Property tax
- $623
- Heat allowance
- $150
- Housing costs
- $6,342 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$195,000
gross annual household income
- Payment at 4%
- $4,578 / mo
- Cash down
- $217,600
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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