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Listed 26 days ago

24 Fifth Street

773 - Lincoln/Crowland, Welland

$325,000

Detached|1 1/2 Storey
3 | 2 | 3
About this home

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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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$1,597
Lot Size34.6 ft x 67.5 ft
mls© NumberX13811684
Listed ByROYAL 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.

Down payment20% · $65,000
25-yr amortization

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 check

Investment Analysis

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

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