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773 - Lincoln/Crowland, Welland
$399,000
This 2-bedroom, 1-bathroom home features an updated kitchen and laundry area. The property has received City of Welland approval for the severance of an adjacent building lot of similar size. According to the draft survey, each parcel is approximately 33 ft. x 100 ft. The adjacent parcel includes an approximately 12 ft. x 12 ft. insulated accessory building with electrical rough-in. The seller advises that the home's foundation has been reinforced with steel beams. The property is currently zoned R2. Buyers are responsible for completing their own due diligence regarding the status and conditions of the severance, lot dimensions, zoning, permitted uses, accessory-building and electrical approvals, and the feasibility of any future construction or additions. Supporting documentation is available for review.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | < 700 sq. ft. |
| Property Tax | $1,827 |
| Lot Size | 66 ft x 100 ft |
| mls© Number | X13666510 |
| Listed By | COMFREE |
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%
- $2,042
- Property tax
- $152
- Heat allowance
- $150
- Housing costs
- $2,345 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$72,000
gross annual household income
- Payment at 4%
- $1,679 / mo
- Cash down
- $79,800
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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