$649,900

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522 Hart Road, Callander - Multi-family for Sale

522 Hart Road, Callander, Ontario, P0H1H0

2 baths8 parking2.49 acres lot sizeListed 89 days ago

978 Main Street North, Callander, Ontario, P0H1H0

5 bd2 ba8 pk1,750 ft²Lot size 151 × 155 ft (23,405 sq ft)

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

575 Hart Road, Callander, Ontario, P0H1H0

For sale

78 days ago

$730K

575 Hart Road, Callander, Ontario, P0H1H0

3 ba6 pk2,042 ft²

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

Investment analysis

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$649,900

Callander

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Description

Sitting on almost 2.5 acres in this beautiful purpose built duplex that currently generates a fantastic return on investment. Professionally built in 2019 there is a two bedroom apartment on the upper floor with two full bathrooms, including an ensuite. The lower level has two bedrooms and one bathroom. Both units are bright with lots of natural light. The main floor unit is currently rented out for $1768 plus utilities and the lower $1875 plus utilities. A perfect addition to any portfolio. This property has the option of being owner occupied with a mortgage helper, multigenerational living, or a true duplex rental, beautiful property offering loads of privacy, all while being only 10 minutes from the town of Callander. (id:66096)

Market Timing

Days on market

89d

Callander listings, avg age

64d

List price

$650K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 99.4 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (P0H)

This home lists at $649,900, about 8.1× the local median household income of $80,000.

Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 59% above the area median.

Median household income: $80,000
Population: 31,909
Median age: 50.8
Owner / renter: 87% / 14%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA P0H)

$649,900

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,990

Min 6.15%50%

Mortgage payment$3,381/mo

↳ CMHC premium ($24,396 capitalized)

Property tax (est.)$372/mo

Total monthly$3,754

Cash Needed to Close

Down payment (6.15%)$39,990

Land transfer tax$9,473

Est. closing costs$4,450

Total cash needed$53,913

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

522 Hart Road, Callander - Multi-family for Sale

Rental cashflow calculator

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