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769 - Prince Charles, Welland
$549,900
This property features a 2,229 square foot home on 0.5 acres just a stone's throw away from the Welland River! This corner lot is perfectly placed within walking distance to all kinds of amenities. The home features 5 bedrooms, an open concept main living space, workshop and an attached garage. The sprawling living room has a gas fireplace and a full wall of windows with views of the beautiful property. A solid wood kitchen sits off the dining room. The main floor is completed by two bedrooms, a 4-piece bathroom and a utility/laundry room. Upstairs has 3 generous bedrooms, an office area and two separate storage areas. An additional bonus to this property is that it also has development potential! There is potential to build a 3-storey, 12 unit apartment or condo building. The proposal has gone through a pre-consultation with the city of Welland and is waiting for a developer to take it the rest of the way. Pre-consultation notes and proposed site plan available in the supplements. Property being sold "as is". Please Note: some photos have been virtually staged.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $4,640 |
| Lot Size | 225.25 ft x 200 ft |
| mls© Number | X13489892 |
| Listed By | RE/MAX ESCARPMENT REALTY INC. |
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%
- $2,815
- Property tax
- $387
- Heat allowance
- $150
- Housing costs
- $3,351 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$103,000
gross annual household income
- Payment at 4%
- $2,314 / mo
- Cash down
- $109,980
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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