26
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$749,900
Est. payment /mo
3 Beds
4 Baths
Active
32 MCNAMARA ST Thorold, ON L2V 2M6
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Subdivision 557 - Thorold Downtown
MLS Listing ID X9414508
Style 2-Storey
Bedrooms 3
Annual Tax Amount $4,519
Tax Year 2024
Property Sub-Type Detached
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!
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!
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!
Location
Province ON
County Niagara
Area Niagara
Zoning R2
Rooms
Family Room Yes
Basement Walk-Out, Unfinished
Kitchen 1
Interior
Interior Features Water Heater Owned, Sump Pump
Cooling Central Air
Fireplaces Number 1
Inclusions Dishwasher, Refrigerator, Stove
Exterior
Parking Features Private Double
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 56.0
Lot Depth 82.85
Exposure North
Total Parking Spaces 4
Building
Building Age 16-30
Foundation Poured Concrete
New Construction false
Others
Senior Community Yes
ParcelsYN No
Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE
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