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5 Raine Drive, Central

Price

$790,000

Bedrooms4 Beds

Bathrooms4 Baths

Size2000-2500 sqft

Year Built31-50

Property TypeHouse

Property Taxes$6518

Maintenance FeesNot listed

Description

Attention Investors, Contractors & Renovators! Opportunity knocks in Ajax's sought-after Central Westney-Magill pocket. This detached 4-bed, 4-bath, 2-storey home with finished basement and 2-car garage sits on a deep 36 x 134 ft lot offering solid bones, a functional layout, and endless potential for those ready to add value. Main floor features separate living/dining rooms with hardwood floors and French doors, family room with fireplace, and eat-in kitchen with walk-out to fenced yard. Upstairs boasts four spacious bedrooms including a primary with 4-piece ensuite and sitting area. Basement finished with rec room, wet bar, 2-pc bath and office/5th bedroom. Yes, the home needs work-repairs, updates, and finishing touches are required-but the location, size and structure make it a fantastic project for the right buyer. Comparable renovated homes in the area have recently sold in the $1.05M-$1.10M range. Being sold as-is, where-is. No warranties. Quick closing available. Bring your contractor and imagination-this is your next profitable project in Ajax!

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$3,382 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$632,000

Total Interest Payments

$389,667

Total Payment (Principal + Interest)

$1,021,667

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