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Listed 1 month ago

93 State Street

768 - Welland Downtown, Welland

$299,900

Detached|2-Storey
4 | 2 | 2
About this home

Sold under Power of Sale - Excellent opportunity for investors, renovators, and developers in Downtown Welland. This detached two-storey brick home sits on a prominent corner lot and offers five bedrooms, two bathrooms, two kitchens, a finished basement, and a detached garage with access from Kent Street. Previously rented for $2,200 per month for the main portion and $1,050 per month for the basement, providing a combined rental income of $3,250 per month. The basement offers potential for an in-law suite or accessory unit, subject to municipal approvals. Vacant with immediate possession and within walking distance of downtown, schools, shopping, the farmers market, transit, and the Welland Canal. Motivated seller, offers welcome anytime!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,377
Lot Size36 ft x 96 ft
mls© NumberX13763896
Listed ByRE/MAX NIAGARA REALTY LTD, BROKERAGE

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%
$1,535
Property tax
$198
Heat allowance
$150
Housing costs
$1,883 / mo

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

Down payment20% · $59,980
25-yr amortization

Income needed

$58,000

gross annual household income

Payment at 4%
$1,262 / mo
Cash down
$59,980

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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