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Listed 9 days ago

60 Lincoln Street

772 - Broadway, Welland

$399,000

Detached|Bungalow
2 | 1 | 6
About this home

Set on a double-wide lot, this two bedroom home is a work in progress, with some renovations completed and further work remaining. Features include an upgraded gas forced-air furnace and a garage with convenient access from the side street. Currently set up as a two-car garage, the building also offers a large workshop with potential to make it an additional 2 car garage. Located on a main road and is vacant with quick possession available.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,023
Lot Size73 ft x 122.57 ft
mls© NumberX13880132
Listed ByRE/MAX NIAGARA REALTY LTD, BROKERAGE

Listing History

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  • 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
$252
Heat allowance
$150
Housing costs
$2,444 / 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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