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1725 Spruce Hill Road, Dunbarton

Price

$1,199,900

Bedrooms2 Beds

Bathrooms2 Baths

Size700-1100 sqft

Year BuiltNot listed

Property TypeHouse

Property Taxes$8129

Maintenance FeesNot listed

Description

An Exceptional Opportunity Awaits Custom Home Builders And Visionary Investors Alike** Discover The Rare Chance To Create A Bespoke Luxury Estate Or Investment Property In The Highly Coveted Fairport/Spruce Hill Community A Neighborhood Where Newly Built Custom Residences Have Commanded Prices In Excess Of Four Million Dollars. This One-Of-A-Kind Property Boasts An Extra-Large Irregular Lot Measuring 128' X 353', Perfectly Positioned At The End Of A Private, Tree-Lined Cul-De-Sac. Western Exposure Floods The Grounds With Natural Light, While The Homes Backdrop Of A Serene, Protected Ravine Provides An Unmatched Setting Of Tranquility And Prestige. The Property Further Benefits From Approval For An Additional Laneway Dwelling Unit At The Rear, Offering Tremendous Flexibility For Multi-Generational Living Or Upscale Income Potential. A Recently Completed Survey Is Included, Streamlining The Path Toward Redevelopment. For Those Wishing To Hold Or Generate Income In The Interim, The Existing Residence Features Rental Possibilities, Including A Walk-Out Basement With A Full In-Law Suite Currently Used As Storage, Yet Easily Converted Back To A Separate Apartment With Some Finishing Touches. This Offering Includes Two Parcels Of Land: Parcel 1725 Measuring 60' X 197', Where The Current Residence Sits, And Parcel 1725A Measuring 68' X 353', Expanding The Canvas For Your Dream Build. A Truly Remarkable Opportunity In One Of Durhams Most Prestigious And Established Enclaves.

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$4,988 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$959,920

Total Interest Payments

$591,850

Total Payment (Principal + Interest)

$1,551,770

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