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$849,900
Whitby
89 Thickson Road South, Whitby (Blue Grass Meadows), Ontario, L1N2C7
This 5-bedroom, 4-bathroom home in Whitby is for sale offering roughly 900 sq ft of space. Listed at $849,900, it is attractively priced about 6% below the $899,900 median asking price in Whitby.
POSITIVE CASH FLOW PROPERTY, YES, YOU HEARD THAT RIGHT! Exceptional opportunity for homeowners and investors! This versatile Whitby detached bungalow on a rare 62-ft-wide lot generates $5,200/month in total rental income, including $2,800/month from the basement alone. First-time buyers can live upstairs and potentially enjoy almost mortgage-free living while benefiting from substantial rental income from the lower level. Great tenants already in place!The main level offers a spacious living room, kitchen, 4-piece bathroom and convenient powder room. The lower level provides excellent income potential and flexibility for extended family or additional living space. Step outside to a large deck and expansive backyard, perfect for entertaining, relaxing and family enjoyment.LOCATION, LOCATION, LOCATION! Enjoy public transit right at your doorstep, Whitby Mall and grocery stores within walking distance, and Highway 401 less than 1 minute away. Close to parks, schools, shopping, restaurants and everyday amenities.Whether you're an investor seeking strong rental income or a first-time buyer looking to reduce your housing costs, this property offers income, flexibility and an unbeatable location! While living Almost Mortgage Free. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 47 days on market, against an average age of 49 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 25 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 98.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 5-bed single family in Whitby (Blue Grass Meadows) has been listed for 47 days, which is 2 days fresher than the city average of 49. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $849,900, about 8.5× the local median household income of $100,000.
Carrying it typically needs a household income of about $166,015 (20% down, 25-yr amortization, stress-tested) — roughly 66% above the area median.
Source: Statistics Canada, 2021 Census (FSA L1N)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice