Thorold (557 - Thorold Downtown), ON L2V2M6,32 MCNAMARA STREET
Thorold (557 - Thorold Downtown), ON L2V2M6,32 MCNAMARA STREET
Thorold (557 - Thorold Downtown), ON L2V2M6,32 MCNAMARA STREET
Thorold (557 - Thorold Downtown), ON L2V2M6,32 MCNAMARA STREET
Thorold (557 - Thorold Downtown), ON L2V2M6,32 MCNAMARA STREET
Thorold (557 - Thorold Downtown), ON L2V2M6,32 MCNAMARA STREET
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$ 688,800
Est. payment | /mo

3 Beds

4 Baths


Save
$ 688,800
Est. payment | /mo
Save

3 Beds

4 Baths

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision 557 - Thorold Downtown

MLS® Listing ID X9414508

Bedrooms 3

Half Baths 1

Originating Board Niagara Association of REALTORS®

Property Description

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: We’ll add a fully legal 1-bedroom basement apartment with its own private entrance, 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!\r\n\r\nWith 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.\r\n\r\nLocated close to shopping, dining, highways, and Brock University, this is not just a home, it’s a fantastic investment opportunity. Don’t miss out! (id:24570)

Location

Province ON

Rooms

Extra Room 1 Second level 4.11 m X 3.35 m Bedroom

Extra Room 2 Second level 3.6 m X 3.35 m Bedroom

Extra Room 3 Second level 5.63 m X 4.67 m Bedroom

Extra Room 4 Basement 6.4 m X 5.79 m Great room

Extra Room 5 Main level 4.26 m X 3.35 m Living room

Extra Room 6 Main level 3.96 m X 3.35 m Dining room

Interior

Heating Forced air

Cooling Central air conditioning

Fireplaces Number 1

Exterior

Garage Yes

Waterfront No

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

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Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE

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32 MCNAMARA STREET

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Jayson Sidhu

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