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Listed 2 months ago

23 NORTHGATE Drive

767 - N. Welland, Welland

$509,000

Detached|Bungalow-Raised
3 | 2 | 2
About this home

Welcome to this bright, clean, and well-maintained solid brick raised bungalow, ideally located within walking distance to Niagara College and on the college bus route-an exceptional opportunity for investors or multi-generational living. With oversized windows on both the main and lower levels, this home is filled with natural light throughout.The main floor features three spacious bedrooms with hardwood flooring, a well-appointed three-piece bathroom, and a bright eat-in kitchen complete with quartz countertops and ample cabinetry.A separate entrance leads to the fully finished lower level, offering excellent in-law or rental potential. Here you'll find large above-grade windows, a full second kitchen, a generous living area, a fourth bedroom, a three-piece bathroom, a large storage/cold room, and a dedicated laundry space.Extensive updates have been completed since 2020, including the kitchen, bathrooms, plumbing, in-law suite, appliances, select flooring, and fresh paint. Additional updates include furnace (2018), electrical panel (2020), most windows, basement carpet (2021), and a rented hot water tank (2021).The driveway offers potential to be widened for additional parking, adding even more convenience and value.This versatile and move-in ready home offers strong income potential in a highly desirable location-don't miss your chance to own a fantastic property close to all amenities. Garage space is easily reverted back to a true garage.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,727
Lot Size54.99 ft x 117.49 ft
mls© NumberX13738574
Listed ByROYAL LEPAGE NRC 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%
$2,605
Property tax
$311
Heat allowance
$150
Housing costs
$3,066 / mo

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

Down payment20% · $101,800
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$2,142 / mo
Cash down
$101,800

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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