58 Griffith Street
768 - Welland Downtown, Welland
$928,100
New, large legal duplex. Upper unit has 3 large bedrooms plus den, large open concept kitchen, dining room and living room. Lower unit has 3 large bedrooms plus den, open concept kitchen and living room. Each unit has independent HVAC and on demand water heater. Water is metered for each unit. Produces $4400 per month, tenants pay all bills. Concrete driveway and walk way, large backyard. Lower level only 4' below ground with 9' ceilings.
No extras listed.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 0-5 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $3,365 |
| Lot Size | 33 ft x 132 ft |
| mls© Number | X12785422 |
| Listed By | ROYAL LEPAGE NRC REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,750
- Property tax
- $280
- Heat allowance
- $150
- Housing costs
- $5,181 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$159,000
gross annual household income
- Payment at 4%
- $3,906 / mo
- Cash down
- $185,620
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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