Explore This 2100 Sqft Bungalow: The Advantages of a Separate Basement Apartment Don’t Miss Out on This Exceptional Property.
Main Highlights:
- Listed Price: $ 799,888
- 2100 sqft detached bungalow in a quiet neighbourhood
- Spacious living room and modern kitchen
- Private backyard, perfect for relaxation
- Separate entry basement apartment with 2 bedrooms
- Great for rental income or extended family
Key Facts:
- Annual Tax: $3, 969 / 2023
- Property Type: Detached, Single Family Residence, Bungalow
- Year Built:1961
- Size:1000 feet²
- Lot Dimensions: 50 x 110 feet
- Parking: 1 garage, Total 4 Parking
- Basement: Finished
Our Take – Why do we think this is a good deal?
This property is a great deal due to its versatile living space, featuring a separate entry basement apartment perfect for extended family or rental income.
With 2100 sqft, it offers a spacious living room and a modern kitchen, enhancing comfort. The private backyard provides a tranquil area for relaxation and gatherings.
Located in a peaceful neighbourhood, it’s an ideal spot for families. The income potential from the basement adds significant value, making this bungalow an attractive investment opportunity.
Numbers are given below –
How much it will cost you to buy this property?
If you plan to buy this property and lock the deal below 3% of the current listing price, you will need about $165k to cover all closing costs. Below is a detailed cost breakdown:
| Buying Price | 775,891 |
| Down Payment (20%) | 155,178 |
| Closing fees (Approx.) | 9,866 |
| Total Funds required at closing | 165,044 |
How much will it cost you monthly to hold this property?
If the mortgage interest rate is approximately 5% and the amortization period spans 25 years, your monthly mortgage payment would be around $ 3,959 to maintain ownership of this property. Here’s a detailed breakdown:
| Mortgage Payment | 3,629 |
| Property Taxes (Approx.) | 331 |
| Condo fee | 0 |
| Total monthly cost | 3,959 |
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