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1370 Simcoe Street, Samac

Price

$809,000

Bedrooms2 Beds

Bathrooms1 Baths

Size700-1100 sqft

Year Built51-99

Property TypeHouse

Property Taxes$4338

Maintenance FeesNot listed

Description

Location, Opportunity, Value! Calling all contractors, investors, and visionaries this solid brick home on a generous lot is your next big win! Nestled in a prime location, just steps from shopping, schools, transit, and all amenities, this property is priced to sell and brimming with potential. Whether you're a handyman ready to renovate or an investor looking for serious upside, this is the one. Being sold as-is bring your imagination and unlock the possibilities !The zoning for this property is R4-A/R6-B h-76, which permits: R4-A permits block townhouses, R6-B permits apartment buildings, long term care facilities, nursing home and retirement home. The existing single detached dwelling is a legal non-conforming use, per section 4.2.1 of the zoning bylaw, no enlargement or addition is permitted to a building or structure which is lawfully non-conforming without the approval of the Committee of Adjustment or the Local Planning Appeal Tribunal, as set out in the Planning Act.

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$3,268 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$647,200

Total Interest Payments

$399,039

Total Payment (Principal + Interest)

$1,046,239

Determine Your Profits After Selling Your Home

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Jess Whitehead

Meet Jess Whitehead

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

Let's Find Your Dream Home Together