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Listed 10 days ago

509 Grove Street E

Grove East, Barrie

$899,900

Detached|2-Storey
4 | 4 | 4
About this home

Beautifully maintained home offering comfort, style and excellent income potential. Bright eat-in kitchen with island and walkouts to the fenced backyard from both the kitchen and family room. Main-floor laundry with garage access and A/C is less then 5 years old. Spacious primary bedroom with 5-piece ensuite and walk-in closet, renovated spiral hardwood staircase, updated flooring and retrofitted windows. Fully finished 3-bedroom basement with separate entrance, with rental potential of approx $2200 month! Fantastic location close to Hwy 400, Georgian College, RVH, schools, parks, shopping and transit. A great opportunity for homeowners and investors alike!

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Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$5,280
Lot Size49.21 ft x 109.91 ft
mls© NumberS13766802
Listed ByCENTURY 21 B.J. ROTH REALTY LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,606
Property tax
$440
Heat allowance
$150
Housing costs
$5,196 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $179,980
25-yr amortization

Income needed

$160,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$179,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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