Rachel Stempski

Broker


LOADING

32 Mcnamara Street Thorold, Ontario L2V 2M6

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

Attached Garage

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 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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Jameson Walter Walsh
Salesperson

(905) 641-1110
(905) 684-1321
www.jamesonwalsh.com/

RE/MAX Garden City Realty Inc, Brokerage
Lake & Carlton Plaza
St. Catharines, Ontario L2R 7J8

(905) 641-1110
(905) 684-1321
www.remax-gc.com

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