$ 749,900
32 MCNAMARA STREET Thorold (557 - Thorold Downtown), ON L2V2M6
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 749,900
Est. payment /mo
Active
32 MCNAMARA STREET Thorold (557 - Thorold Downtown), ON L2V2M6
3 Beds
4 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision 557 - Thorold Downtown
MLS® Listing ID X9414508
Bedrooms 3
Half Baths 1
Originating Board Niagara Association of REALTORS®
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!\r\n\r\nWith 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.\r\n\r\nLocated 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:24570)
Location
Province ON
Rooms
Extra Room 1 Second level 4.11 m X 3.35 m Bedroom
Extra Room 2 Second level 3.6 m X 3.35 m Bedroom
Extra Room 3 Second level 5.63 m X 4.67 m Bedroom
Extra Room 4 Basement 6.4 m X 5.79 m Great room
Extra Room 5 Main level 4.26 m X 3.35 m Living room
Extra Room 6 Main level 3.96 m X 3.35 m Dining room
Interior
Heating Forced air
Cooling Central air conditioning
Fireplaces Number 1
Exterior
Garage Yes
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE