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Summerhill Estates, Newmarket
$998,000
Premium Ravine Lot in Prestigious Summerhill Estates! This well-maintained 4+1 bedroom family home backs onto a beautiful ravine and green space. The bright kitchen , pantry and a breakfast area with walk-out to the deck, overlooking the ravine. The inviting family room with fireplace is perfect for everyday living and entertaining. The spacious primary bedroom offers a walk-in closet . A finished walk-out basement with separate entrance, additional kitchen and 1-bedroom in-law apartment offers excellent flexibility for extended family or potential rental income. Additional features include central vacuum, attached double garage . Conveniently located close to schools, parks, shopping, Yonge Street, public transit and GO Transit, with easy access to Highways 400 and 404. A wonderful opportunity to enjoy space, versatility and ravine-side living in Summerhill Estates.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,734 |
| Lot Size | 32.33 ft x 126.15 ft |
| mls© Number | N14087400 |
| Listed By | EXP REALTY |
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%
- $5,108
- Property tax
- $561
- Heat allowance
- $150
- Housing costs
- $5,819 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$179,000
gross annual household income
- Payment at 4%
- $4,200 / mo
- Cash down
- $199,600
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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