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Price Change$639,900

21 First Avenue

769 - Prince Charles, Welland

$549,900

Detached|1 1/2 Storey
5 | 1 | 5
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$4,640
Lot Size225.25 ft x 200 ft
mls© NumberX13489892
Listed ByRE/MAX ESCARPMENT REALTY INC.

Listing History

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  • 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.

Down payment20% · $109,980
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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