32 Mcnamara Street Thorold, Ontario L2V 2M6
$688,800
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! (id:47351)
Property Details
| MLS® Number | 40645014 |
| Property Type | Single Family |
| AmenitiesNearBy | Public Transit, Shopping |
| CommunityFeatures | Quiet Area, School Bus |
| EquipmentType | None |
| Features | Sump Pump |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | None |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 3 |
| BedroomsTotal | 3 |
| Appliances | Dishwasher, Refrigerator, Stove |
| ArchitecturalStyle | 2 Level |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructedDate | 2003 |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Poured Concrete |
| HalfBathTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2600 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Attached Garage |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 83 Ft |
| SizeFrontage | 56 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | 4pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | 16'3'' x 12'4'' | ||
| Second Level | Bedroom | 11'10'' x 11'0'' | ||
| Second Level | Bedroom | 11'3'' x 11'0'' | ||
| Basement | 3pc Bathroom | Measurements not available | ||
| Basement | Great Room | 21'0'' x 19'0'' | ||
| Main Level | 2pc Bathroom | Measurements not available | ||
| Main Level | Kitchen | 14'0'' x 12'7'' | ||
| Main Level | Dining Room | 13'0'' x 11'0'' | ||
| Main Level | Living Room | 14'0'' x 11'0'' |
https://www.realtor.ca/real-estate/27405258/32-mcnamara-street-thorold
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October 23 2024 11:22:40
Niagara Association of REALTORS®
RE/MAX Garden City Realty Inc, Brokerage