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New6 days ago

59 Alexandra Drive

562 - Hurricane/Merrittville, Thorold

$629,000

Detached|2-Storey
3 | 3 | 3
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,348
Lot Size9.2 metres x 28 metres
mls© NumberX13885558
Listed ByREVEL Realty Inc., 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%
$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.

Down payment20% · $125,800
25-yr amortization

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 check

Investment Analysis

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