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10950 Simcoe Street, Rural Scugog

Price

$999,000

Bedrooms2 Beds

Bathrooms2 Baths

Size700-1100 sqft

Year Built31-50

Property TypeHouse

Property Taxes$6534

Maintenance FeesNot listed

Explore A Virtual Tour

Description

Stunning Fully Renovated Bungalow With Steady Monthly Income on 10-acre Parcel!!! Discover This Beautifully Renovated All-brick Bungalow Set on 10 Private Acres, Just Minutes From Port Perry, Highway 407 and Highway 412. Featuring Modern Upgrades Throughout. This Home Offers Both Comfortable Living, Incredible Income and Future Development Opportunities! The Main Level Boasts an Inviting Open-concept Layout With a Stylish Eat-in Kitchen, Spacious Living Area, and Two Generous Bedrooms. Living Room Features Wood-burning Fireplace and Bay Window. Eat-in Kitchen with Steps Outside to a Large Deck, Perfect for Enjoying the Peaceful, Tree- Lined Surroundings. The Fully Finished Basement Includes a 2-bedroom Apartment With Its Separate Entrance and Beautiful Open-Concept Modern Kitchen, and a 4-piece Bathroom - Ideal for Extended Family or Rental Income. At the Back of the Property, and With Its Own Driveway, Tastefully Seperated by a Line of MatureTrees, 5 Acres Are Leased to a Stone Company, Providing Steady Additional Monthly Revenue. Combined Rental Income From the Home and Land is Nearly $7,000 Per Month! Other Features Include: 100-ft Tree-lined Driveway for Privacy, Attached Double-car Garage, SeperateBasement Entrance, Newer Metal Roof (2020), 200amp Service, Modern Finishes Throughout. Whether You Are an Investor, Multi-generational Family, or Looking for Country Living With Income Potential, This Unique Property is a Must-see!? Don't Miss This Rare Opportunity!

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$4,134 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$799,200

Total Interest Payments

$492,756

Total Payment (Principal + Interest)

$1,291,956

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