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853 Simcoe Street, Lakeview

Price

$899,888

Bedrooms5 Beds

Bathrooms3 Baths

Size2000-2500 sqft

Year Built100+

Property TypeHouse

Property Taxes$4996.78

Maintenance FeesNot listed

Explore A Virtual Tour

Description

Top 5 Reasons You Will Love this Property: 1) Excellent Investment Opportunity, Potential to Earn 7%-9% Cap! 2) Many Permitted Uses: Residential, Automotive, Office, Day Care, Long Term Care, Personal Service Establishment, Funeral Home, With a Drive Thru Window, Plus Many Many More See Attached Zoning & Uses 3) Situated on a Premium Spacious Double Lot 88.88 Feet Frontage & 112.32 Feet Deep with Large Driveway and a Curb Cut for a 2nd Optional Driveway, an Incredible Backyard with Potential to Build a Backyard Home, Garden-Home, Guest House allowing for More Income!! 4) 5 Bedrooms, 3 Bathrooms, 2 Kitchens, with a Separate Entrance to an Unspoiled 7-Foot High Basement allowing for more Additional Rental Income Potential. 5) Minutes from Hwy 401, Go Train, Lake Ontario, and Transit. Many Permitted Uses See Attach, increment Zoned PSC-A Under Zoning By-Law 60-94. This Property Awaits the Ambitious Buyer With Great Wisdom & Vision That Can Foresee And Forecast The Full Potential Opportunity! WOW, WHY TRAVEL? Rare Live & Work at Home Opportunity in Sought-After Lakeview Community of Oshawa. Excellent Potential for the Ambitious Entrepreneur! This 1 1/2 Storey Offers Great Rental Income Potential Featuring 5 Bedrooms, 3 Full Bathrooms, and 2 Kitchens, with Ceilings mostly 9'10" high in most areas and a Full Basement with Ceilings 7' high with a Separate Entrance. Minutes from Hwy 401, Go Train, Transit, Shopping. Curb Cut for 2nd. Optional Driveway. Many Permitted Uses See Attachment Zoned PSC-A Under Zoning By-Law 60-94. This Property Awaits the Ambitious Buyer With Great Wisdom & Vision That Can Forsee And Forecast The Full Potential Opportunity **Not Heritage Designation Home!!!!

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$3,650 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$719,911

Total Interest Payments

$443,869

Total Payment (Principal + Interest)

$1,163,779

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