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773 - Lincoln/Crowland, Welland
$325,000
Calling all first-time home buyers looking to break into the market! Welcome to 24 5th Avenue in Welland, an affordable 3-bedroom, 1.5-bathroom home that offers a great opportunity to make the move from renting to owning. The home has seen several important updates over the years, including the furnace and central air approximately 5 years ago, hot water tank in 2016 and roof approximately 10 years ago. There's also a detached single-car garage, plus a bonus shower in the basement. Outside, the manageable 34 x 66 ft lot gives you your own outdoor space without spending every weekend maintaining it. With three bedrooms, a garage and plenty of potential to make it your own, this is a great place to start building some equity instead of paying someone else's mortgage.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $1,597 |
| Lot Size | 34.6 ft x 67.5 ft |
| mls© Number | X13811684 |
| Listed By | ROYAL LEPAGE NRC REALTY |
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%
- $1,663
- Property tax
- $133
- Heat allowance
- $150
- Housing costs
- $1,947 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$60,000
gross annual household income
- Payment at 4%
- $1,368 / mo
- Cash down
- $65,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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