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Listed 17 days ago

63 Lyons Avenue

773 - Lincoln/Crowland, Welland

$399,000

Detached|Bungalow
3 | 1 | 4
About this home

If you've been looking for an affordable home with good bones, a solid layout and plenty of room to make it your own, 63 Lyons Avenue is worth a look. This well-built 1950s bungalow offers just shy of 1,000 sq. ft. above grade with 3 bedrooms and an updated 4-piece bathroom, making it a great option for first-time buyers, downsizers or anyone looking for a home they can improve over time. The main floor features refinished hardwood flooring throughout the living room and bedrooms, along with a comfortable living space and a good-sized eat-in kitchen with new vinyl plank flooring that continues into the hallway. A convenient side entrance sits just off the long paved driveway, with easy access to the home, backyard and detached single-car garage. Downstairs is where you can really start to see the possibilities. The unfinished basement adds another 986 sq. ft. of space and is high and dry, giving you a blank canvas for a future rec room, additional bedrooms, a home gym, an office, or a more finished laundry space. There's also a cold cellar for additional storage. Outside, the fenced backyard offers plenty of room to create your own setup. Add a deck, build a pergola, create a garden or enjoy the extra outdoor space. The location is another big plus. Manchester Park is just around the corner and is currently being renovated and updated by the City of Welland. You can walk to Princess Elizabeth Public School; Eastdale Secondary School is a short drive away, and Highway 406 is easily accessible for commuting throughout Niagara. Shopping, restaurants and everyday amenities are all close by. There's a lot to work with here, and at this price point, it's an opportunity to get into the market and make it your own!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,985
Lot Size45 ft x 100 ft
mls© NumberX13845998
Listed ByEXP 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%
$2,042
Property tax
$249
Heat allowance
$150
Housing costs
$2,441 / mo

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

Down payment20% · $79,800
25-yr amortization

Income needed

$75,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

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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