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Listed 1 month ago

49 MONARCH Street

771 - Coyle Creek, Welland

$1,288,000

Detached|2-Storey
5 | 4 | 6
About this home

Welcome to your dream home! This stunning custom-built residence, just 5 years young, boasts an impressive 2,854 square feet of luxurious living space, all situated on a premium 54-foot lot in a vibrant family community. There is also a 921sq basement with a kitchen and bedroom and a separate entrance. This beautiful house features dual energy systems and laundry facilities on the second floor and basement. The second floor primary room was made larger and all the blinds were made with UK products. This house was the most expensive C-type house at the time it was built, and its exterior was finished with high-end products. The basement kitchen cabinets have also been finished with luxury and the hood has also been upgraded. Additionally, the unique nature of this area makes it a great Airbnb option. With ample room availability, hosting your spare room on Airbnb can generate extra income, earning between $3,000 and $6,000 .

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(647) 254-1864

This seller is likely holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
Style2-Storey
Approx. Age0-5
Size2500-3000 sq. ft.
Property Tax$9,630
Lot Size54.33 ft x 155.78 ft
mls© NumberX13766276
Listed ByHOMELIFE LANDMARK REALTY INC.

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%
$6,593
Property tax
$803
Heat allowance
$150
Housing costs
$7,545 / mo

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

Down payment20% · $257,600
25-yr amortization

Income needed

$232,000

gross annual household income

Payment at 4%
$5,420 / mo
Cash down
$257,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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