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Price Change$419,000

142 Mcarthur Avenue

773 - Lincoln/Crowland, Welland

$399,000

Detached|Bungalow
2 | 1 | 2
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size< 700 sq. ft.
Property Tax$1,827
Lot Size66 ft x 100 ft
mls© NumberX13666510
Listed ByCOMFREE

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%
$2,042
Property tax
$152
Heat allowance
$150
Housing costs
$2,345 / mo

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

Down payment20% · $79,800
25-yr amortization

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 check

Investment Analysis

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

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