3 Bedroom
4 Bathroom
2600 sqft
2 Level
Fireplace
Central Air Conditioning
Forced Air
$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:50705)
Property Details
MLS® Number
|
40645014 |
Property Type
|
Single Family |
Amenities Near By
|
Public Transit, Shopping |
Community Features
|
Quiet Area, School Bus |
Equipment Type
|
None |
Features
|
Sump Pump |
Parking Space Total
|
4 |
Rental Equipment Type
|
None |
Building
Bathroom Total
|
4 |
Bedrooms Above Ground
|
3 |
Bedrooms Total
|
3 |
Appliances
|
Dishwasher, Refrigerator, Stove |
Architectural Style
|
2 Level |
Basement Development
|
Unfinished |
Basement Type
|
Full (unfinished) |
Constructed Date
|
2003 |
Construction Style Attachment
|
Detached |
Cooling Type
|
Central Air Conditioning |
Exterior Finish
|
Brick |
Fireplace Present
|
Yes |
Fireplace Total
|
1 |
Foundation Type
|
Poured Concrete |
Half Bath Total
|
1 |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
2 |
Size Interior
|
2600 Sqft |
Type
|
House |
Utility Water
|
Municipal Water |
Parking
Land
Access Type
|
Highway Access |
Acreage
|
No |
Land Amenities
|
Public Transit, Shopping |
Sewer
|
Municipal Sewage System |
Size Depth
|
83 Ft |
Size Frontage
|
56 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
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