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Listed 1 month ago

55 Merritt Street

769 - Prince Charles, Welland

$335,000

Detached|Bungalow
2 | 1 | 2
About this home

A little bungalow with a lot to offer. Tucked onto a quiet street near the heart of Welland, 55 Merritt Street is a renovated 2-bedroom, 1-bathroom home with a fenced backyard backing toward the Welland River with a peaceful, tree-lined setting. Inside, the home has been thoughtfully updated and features forced-air heating, central air conditioning and upgraded insulation for year-round comfort. The backyard adds even more space to relax or entertain, while nearby trails, parks, shops and restaurants make it easy to enjoy the surrounding neighbourhood. With its manageable footprint, updated interior and distinctive riverside location, this home is a great option for first-time buyers, downsizers, investors or anyone looking for something a little different in Welland.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age100+
Size< 700 sq. ft.
Property Tax$2,206
Lot Size30 ft x 99 ft
mls© NumberX13783888
Listed ByRIGHT CHOICE HAPPENINGS REALTY LTD.

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%
$1,715
Property tax
$184
Heat allowance
$150
Housing costs
$2,049 / mo

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

Down payment20% · $67,000
25-yr amortization

Income needed

$63,000

gross annual household income

Payment at 4%
$1,410 / mo
Cash down
$67,000

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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