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Listed 2 months ago

169 Michael Drive

767 - N. Welland, Welland

$1,200,000

Detached|2-Storey
4 | 4 | 8
About this home

Big home. Big yard. Big fun! Tucked into a quiet, established North Welland neighbourhood, this immaculately kept all-brick home offers 2,700+ sq. ft. above grade and about 4,000 sq. ft. of total finished living space - all set on a huge pie-shaped lot with inground pool. A triple-wide concrete drive, double garage, landscaped gardens and covered double-door entry lead into a soaring 2 storey foyer with tile, wainscotting accents and an impressive hardwood staircase. French doors open to a hardwood floored home office/den, while the open kitchen, dining and family spaces, all overlooking the backyard, form the heart of the home. The updated kitchen features granite counters, ceiling-height cabinetry, glass tiled backsplash, stainless appliances, deep pot drawers, extra pantry style cabinetry, a coffee bar, pot and pendant lighting and an island with seating for four. A 3-sided gas fireplace connects the kitchen to the step-down family room with hardwood and built-ins. Main-floor laundry, inside garage access and powder room add everyday convenience. Upstairs, the hardwood continues through 4 oversized bedrooms. The private primary features a cathedral ceiling, his-and-hers closets and a renovated 5 piece ensuite with double vanity, freestanding tub and glass shower. A 4 piece bath serves the remaining bedrooms. The finished lower level adds a large rec room with gas fireplace and projector, flexible 5th bedroom/gym/music room, 3 piece bath, a hobby/office space, and a cold cellar plus storage. Then there is the incredible backyard: a massive two-level deck, sunken hot tub, included gazebo, gas BBQ line, fully fenced lawn areas and concrete poolside lounging. The salt water 18' x 36' sports pool is 5.5' deep all across and comes with gas heater, while the pool cabana offers a mechanical room, change room and a covered sitting area. This is a backyard made for summer while sharing good times with family and friends - it's the house that everyone would love to live at!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age16-30
Size2500-3000 sq. ft.
Property Tax$9,016
Lot Size45.56 ft x 198.4 ft
mls© NumberX13637544
Listed ByRE/MAX HENDRIKS TEAM 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%
$6,142
Property tax
$751
Heat allowance
$150
Housing costs
$7,043 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $240,000
25-yr amortization

Income needed

$217,000

gross annual household income

Payment at 4%
$5,050 / mo
Cash down
$240,000

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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