Listing Presented by PATRICIA BUTCHER, Broker with Garden City Realty Inc., Brokerage St.Catharines
(905) 641-1110
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Contact:PATRICIA BUTCHER, Broker
Garden City Realty Inc., Brokerage St.Catharines Direct Line:(905) 641-1110 Mobile:(905) 988-8193 Fax:(905) 563-6904
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MLS®#: 40645014
$688,800
32 Mcnamara Street
Thorold
ON
L2V 2M6
Active
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!
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!
Directions:
Take St Davids Road to Pine Street N to McNamara Street
Property Type: Residential Property Sub-Type: Single Family Residence Area: Thorold Square Feet: 1800 Bedrooms: 3 Full Bathrooms: 3 Half Bathrooms: 1 Total Bathrooms: 4 Year Built: 2003
Age:
21 Basement: Walk-Out Access, Full, Unfinished, Sump Pump Garage/Parking:
Space for 1 Vehicles
Neighborhood: 557 - Thorold Downtown County: Niagara Lot Dimensions: 82.85 x 56 Fireplaces: 1 Gas Total Rooms: 11 Taxes: $4,519.25 Tax Year: 2024 Cooling: Central Air Exterior: Brick Heat: Forced Air, Natural Gas Roof: Asphalt Shing Sewer: Sewer (Municipal) Style: Two Story Water: Municipal Zoning: R2
Financing:
Taxes: $4,519.25
FEATURES:
Basement, Central Air, Fireplace
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