1016 Old Montreal Road
1107 - Springridge/East Village, Orleans - Cumberland and Area
$1,699,000
Opportunity alert for developers and investors, don't miss out on this lucrative prospect! A proposed 2x24 units.Discover this spacious 3 bedroom bungalow situated on a 1.411-acre lot (119.70' frontage x 528.59' depth) in the heart of Orléans on Old Montreal Road. Located on the south end of the desirable Spring Ridge neighbourhood, the property is just a short walk to the Light Rail Transit at Trim Road. It borders newer residential developments and sits directly across from planned commercial amenities including shops and restaurants. A fantastic opportunity for development in a thriving area. 24-hour irrevocable on all offers.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $5,792 |
| Lot Size | 119.6 ft x 528.59 ft |
| mls© Number | X12264515 |
| Listed By | ROYAL LEPAGE PERFORMANCE REALTY |
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%
- $8,696
- Property tax
- $483
- Heat allowance
- $150
- Housing costs
- $9,329 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$287,000
gross annual household income
- Payment at 4%
- $7,150 / mo
- Cash down
- $339,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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