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562 - Hurricane/Merrittville, Thorold
$629,000
Welcome to 59 Alexandra Drive in Thorold, a spacious two-storey detached home offering approximately 1,692 sq. ft. of living space, three bedrooms, three bathrooms, and the added benefit of an existing tenancy generating $2,500 per month in rental income.The main floor features a bright, open-concept layout with a generous living room, dedicated dining area, and functional kitchen complete with a centre island, ample cabinetry, and stainless steel appliances. Large windows and sliding patio doors bring in plenty of natural light while providing direct access to the fully fenced backyard.Upstairs, the spacious primary bedroom includes a private ensuite bathroom, while two additional well-sized bedrooms, a full bathroom, and convenient second-floor laundry complete the level. A powder room is located on the main floor.The unfinished basement offers approximately 751 sq. ft. of additional space, providing excellent potential for future living space, a home gym, or additional storage. An attached garage, double-door front entry, and private driveway add to the home's everyday practicality.Conveniently located in Thorold with access to schools, parks, shopping, Brock University, and major commuter routes, this property offers an appealing combination of space, functionality, and established rental income. An excellent opportunity for investors seeking a tenant-occupied property in the Niagara Region.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,348 |
| Lot Size | 9.2 metres x 28 metres |
| mls© Number | X13885558 |
| Listed By | REVEL Realty Inc., Brokerage |
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%
- $3,220
- Property tax
- $446
- Heat allowance
- $150
- Housing costs
- $3,815 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$117,000
gross annual household income
- Payment at 4%
- $2,647 / mo
- Cash down
- $125,800
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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