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Listed 13 days ago

1 Lorne Avenue

Trenton Ward, Quinte West

$559,900

Detached|Bungalow
4 | 4 | 3
About this home

$10,000 in CLOSING COST CREDITS * West end location. 2 bedroom bungalow with 4 pc ensuite plus a full finished lower apartment, 2 bedroom, 2 bath and separate private entrance that would rent for $1,800/month + Hydro, Water & Sewer. Separate-metered for Hydro & water/sewer. Main floor is owner-occupied & would rent for $2,400/month + Hydro, Water & Sewer. Attached garage with inside entrance.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,044
Lot Size100 ft x 46 ft
mls© NumberX13882364
Listed ByRe/Max Quinte 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%
$2,866
Property tax
$254
Heat allowance
$150
Housing costs
$3,269 / mo

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

Down payment20% · $111,980
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,356 / mo
Cash down
$111,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

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