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Holland Landing, East Gwillimbury
$1,100,000
Prime location! Beautiful home on an amazing 2 acre lot, backing onto ravine. Excellent investment and future development opportunity, fully renovated 3+1 bedrooms with separate entrance to the basement, this property offers great future investment with strong rental income, two laundry rooms, one on main level and one in the basement. This property has been zoned for multiple uses or businesses such as child daycare, an accessory apartment or any home business that provides professional services.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $3,800 |
| Lot Size | 102.66 ft x 825 ft |
| mls© Number | N13054988 |
| Listed By | CENTURY 21 HERITAGE GROUP LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,630
- Property tax
- $317
- Heat allowance
- $150
- Housing costs
- $6,097 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$188,000
gross annual household income
- Payment at 4%
- $4,629 / mo
- Cash down
- $220,000
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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