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Price Change$629,000

49 Mccrae Drive

767 - N. Welland, Welland

$599,000

Detached|Backsplit 3
3 | 2 | 4
About this home

WELCOME TO 49 MCCRAE DRIVE! THIS SPACIOUS BACKSPLIT HOME IS LOCATED ON A NICE, QUIET STREET INTHE NORTH END OF WELLAND, CLOSE TO MANY AMENITIES INCLUDING SEAWAY MALL, RESTAURANTS, GROCERYSTORES AND NIAGARA COLLEGE. THIS HOME CURRENTLY OFFERS 3+4 BEDROOMS AND 2 BATHROOMS, MAKING ITAN EXCELLENT OPPORTUNITY FOR INVESTORS OR A GROWING FAMILY. THE PROPERTY IS CURRENTLY RENTED TOTENANTS AND OFFERS GREAT POTENTIAL AS AN INVESTMENT PROPERTY OR FAMILY HOME. RECENT UPDATESINCLUDE A NEW FURNACE AND CENTRAL AIR CONDITIONER, APPROXIMATELY 4 MONTHS OLD, AS WELL AS A NEWFRIDGE AND STOVE IN THE KITCHEN. A GREAT OPPORTUNITY TO OWN A SPACIOUS HOME IN A CONVENIENTLOCATION!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBacksplit 3
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,771
Lot Size57.02 ft x 104.82 ft
mls© NumberX13693408
Listed ByROYAL LEPAGE FLOWER CITY REALTY

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%
$3,066
Property tax
$314
Heat allowance
$150
Housing costs
$3,530 / mo

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

Down payment20% · $119,800
25-yr amortization

Income needed

$109,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

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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