ID 742069

32 MCNAMARA Street, Thorold, Ontario L2V 2M6

32 MCNAMARA Street, Thorold, Ontario L2V 2M6

$688,800.00

  • 3 bedrooms
  • 4 bathrooms
  • 2,600 Square Feet

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 ... read more

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:25417)

  • Listing ID: 40645014
  • Property Type: Single Family
  • Year Built: 2003
Property
Style: 2 Level
Ownership: Freehold
Lot Size: Under 1/2 Acre
Parking: Attached Garage
4 Spaces
Building
Type: Single Family House
Appliances: Refrigerator, Stove and Dishwasher
HVAC: Central Air Conditioning, Fireplace and Forced Air
Natural Gas
Exterior: Brick
Basement: Full (Unfinished)
Utilities: Municipal Sewage System
Location
City: Thorold
Province: Ontario
Nearby Amenities: Public Transit, Quiet Area, School Bus and Shopping
Rooms Level Dimensions
4pc Bathroom Second level Measurements not available
4pc Bathroom Second level Measurements not available
Bedroom Second level 16'3'' x 12'4''
Bedroom Second level 11'10'' x 11'0''
Bedroom Second level 11'3'' x 11'0''
3pc Bathroom Basement Measurements not available
Great room Basement 21'0'' x 19'0''
2pc Bathroom Main level Measurements not available
Kitchen Main level 14'0'' x 12'7''
Dining room Main level 13'0'' x 11'0''
Living room Main level 14'0'' x 11'0''

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32 MCNAMARA Street, Thorold, Ontario L2V 2M6
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This property, located on MCNAMARA Street in Thorold Ontario, was published on September 12th, 2024. See if this home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in Thorold convenient.