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New2 days ago

67 Vancouver Street

Codrington, Barrie

$800,000

Detached|2-Storey
4 | 3 | 5
About this home

Multiple Units, Multiple Possibilities! A fantastic opportunity featuring two registered units plus a fully finished basement apartment (non-legal), offering excellent flexibility and income potential. Situated on an exceptionally deep 206-ft lot, there may also be potential for a garden suite at the rear, subject to City approval.Ideal for investors looking to add to their portfolio-or for buyers wanting to live in one unit and offset their mortgage with rental income. A property with multiple income possibilities and plenty of potential!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,386
Lot Size50 ft x 206 ft
mls© NumberS13803100
Listed ByROYAL LEPAGE FIRST CONTACT REALTY

Listing History

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  • 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%
$4,095
Property tax
$449
Heat allowance
$150
Housing costs
$4,694 / mo

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

Down payment20% · $160,000
25-yr amortization

Income needed

$144,000

gross annual household income

Payment at 4%
$3,367 / mo
Cash down
$160,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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