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$688,800
Status: For Sale
Imagine owning this wonderful 1,800 sqft, 3 bed, 3.5 bath brick home with a garage for just $1,500 a month in mortgage payments! Yes, you read that right—this could be your reality. Here’s how: For a small fee, we could add a 1-bedroom basement apartment with its own private entrance to code, and you could easily earn $1,500 a month in rental income. Even better? Half of this rental income can be added to your income to help you qualify for financing!With a purchase price of $688K, a 4% mortgage rate, and 25-year amortization, putting down $130,000 would normally give you a $3,000 monthly mortgage payment. But with the rental income, you're only looking at a net payment of $1,500 per month! And as interest rates continue to drop, going variable could save you even more. Want to flip the script? Live in the basement and rent out the upper level for $3,000 per month, and your mortgage payments could be covered entirely—living for free! Or... rent the entire house out and let it pay for itself giving you positive cashflow.Located close to shopping, dining, highways, and Brock University, this is not just a home, it’s a fantastic investment opportunity. Don’t miss out!
| Property Type | :Residential |
|---|---|
| MLS Number | :40645014 |
| Listing Type | :Sale |
| Property Age | :16-30 Years |
| Possession Date | : |
| Last Updated | :13 Nov, 2024 (4 Days ago) |
| Source | :Niagara |
| Area | :Niagara |
|---|---|
| City | :Thorold |
| Area Major | :Thorold |
| Area Minor | :557 - Thorold Downtown |
| Postal Code | :
L2V 2M6
|
| Directions | :Take St Davids Road to Pine Street N to McNamara Street |
| Price | : $688,800 |
|---|---|
| Property Taxes | :$4519.25 |
| Tax Year | :2024 |
|---|
| Bedrooms | :3 + |
|---|---|
| No. of Rooms | :11 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Pine St N/McNamara St |
| Bathrooms | :4 |
|---|---|
| Approx Square Footage | :2600 sqft |
| Virtual Tour | :Virtual Tour (External Link) |
20 Oct, 2024
TREB #40645014
Price Change
$688800
$688,800
32 Mcnamara Street, Niagara, ON
Listing ID #40645014
Price drop by $91,100
Price drop by $91,100