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Listed 9 days ago

5542 Highland Avenue

215 - Hospital, Niagara Falls

$325,000

Detached|1 1/2 Storey
2 | 2 | 4
About this home

AN OPPORTUNITY FOR FIRST-TIME BUYERS AND SAVVY INVESTORS! Looking to break into the real estate market or add a property with potential to your investment portfolio? This 2-bedroom, 1.5-bathroom home offers an exciting opportunity to build equity, personalize your space, and explore the possibilities of homeownership or investment.The freshly painted living room provides a comfortable place to unwind at the end of the day or enjoy a movie night. The living room flows into the kitchen, which offers ample storage, and is combined with the bright, light-filled dining room. With plenty of natural light, this inviting space is perfect for hosting family dinners or entertaining friends. Step directly from the dining room onto the back deck overlooking the fully fenced backyard, offering outdoor space to enjoy today and the potential to make it your own over time.The practical layout includes convenient main-floor laundry and a 2-piece bathroom, while upstairs, the primary bedroom offers ensuite privilege to the full bathroom. LOCATION adds to the appeal! Just a short distance from Highway 420 for an easy commute and only a couple of blocks from Lundy's Lane, the property is within walking distance of grocery stores, restaurants, shopping, and numerous amenities and attractions.The generous lot and fully fenced backyard provide room to create an outdoor retreat, while the freshly painted rooms offer a head start on making the interior your own. Whether you're envisioning a comfortable home with room to add your personal touches or seeking a property with renovation and value-add potential, this home is worth a closer look. A great opportunity to enter the market, build equity, and explore the potential this property has to offer! Bring your vision and discover the possibilities.

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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$2,784
Lot Size40 ft x 156.9 ft
mls© NumberX13886128
Listed ByCOLDWELL BANKER MOMENTUM REALTY, 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%
$1,663
Property tax
$232
Heat allowance
$150
Housing costs
$2,045 / mo

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

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

Income needed

$63,000

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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