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Listed 2 months ago

245 First Avenue

767 - N. Welland, Welland

$778,800

Detached|Bungalow
2 | 3 | 8
About this home

Welcome to this beautiful, spacious custom built bungalow sitting on a desirable 60 by 204 lot. Open concept layout and a carpet free home provides ample space for a growing family. Separate living room at foyer entrance can be converted to a bedroom as per builder floor plans. The huge family room with vaulted ceiling and skylights for extra sunlight is combined with a good size dining room that is great for entertaining. The updated kitchen has cambria countertops, S/S appliances, a centre island and a breakfast area with extended floor to ceiling cabinetry. This home has it all with some extra highlights such as in ground sprinkler system in front and backyard, a powered shed with open door to the back, a 2 car garage with a drive through/lift door accessible to backyard, a small pond with a waterfall in backyard, a separate entrance leading to the basement, a pergola in the backyard, a 3 season solarium and a cold cellar in the basement. This home offers the potential to create a second dwelling unit with a separate entrance to the basement as well as a 3pc washroom in the basement, a huge rec room with a gas fireplace, 2 bedrooms and an opportunity to create a kitchen and second laundry unit in the basement. The basement also has additional rooms for an office and exercise room. One of the show stoppers of this home is the 3 season solarium that overlooks a huge private backyard surrounded by mature trees. Great for entertaining and gardening. Your oasis awaits! Shingles (2015).

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,154
Lot Size60 ft x 204 ft
mls© NumberX13661504
Listed ByEXIT REALTY HARE (PEEL)

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%
$3,986
Property tax
$596
Heat allowance
$150
Housing costs
$4,732 / mo

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

Down payment20% · $155,760
25-yr amortization

Income needed

$146,000

gross annual household income

Payment at 4%
$3,277 / mo
Cash down
$155,760

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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