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662 - Fonthill, Pelham
$497,500
Rare opportunity in the heart of Fonthill! Build your dream home on this extra-deep private lot while living comfortably on-site. The original homestead is a tear-down, offering the ideal location to construct a new custom home. A detached garage, custom built in 2019, features fully finished living quarters. The main level includes a lounge area, laundry and bathroom, plus a covered deck overlooking the backyard. Upstairs, the bright bachelor suite offers an open-concept layout with a modern kitchen featuring a large island, living/bedroom area, and 3-piece bathroom. The private backyard includes a firepit area for relaxing and entertaining. Walk to Downtown Fonthill to enjoy boutique shopping, restaurants, the Farmers' Market, parks, and popular summer concerts. Live in the existing suite while building, then keep it as an accessory dwelling for rental income, extended family, or guests. A unique property with exceptional potential in a sought-after neighbourhood.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,836 |
| Lot Size | 50 ft x 173.66 ft |
| mls© Number | X13609334 |
| Listed By | RE/MAX NIAGARA REALTY LTD, BROKERAGE |
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%
- $2,546
- Property tax
- $403
- Heat allowance
- $150
- Housing costs
- $3,099 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$95,000
gross annual household income
- Payment at 4%
- $2,094 / mo
- Cash down
- $99,500
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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