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557 - Thorold Downtown, Thorold
$674,900
Attention First-Time Home Buyers, Growing Families & Investors! Welcome to this spacious and beautifully updated home situated on a quiet, family-friendly street, offering 3 generous bedrooms along with a fully finished 2-bedroom basement. The main floor features a bright and spacious layout with an updated kitchen, separate dining and living areas, a large updated bathroom and convenient main-floor laundry. The beautifully finished lower level offers 2 bedrooms, a full bathroom, kitchen, separate laundry and massive living area, providing excellent additional living space for extended family or multigenerational living. Numerous upgrades include NEW central A/C (2025) with a transferable 10-year warranty, roof (2019), new flooring and updated stairs (2023), newly finished lower level (2023), two new electric stoves, NEW front entrance door (June 2026), updated 200-amp electrical service, owned 50-gallon hot water heater, updated blinds and fencing. Enjoy the impressive deep backyard featuring a vegetable garden and greenhouse, perfect for outdoor enthusiasts. Detached garage and long private driveway provide ample parking and storage. Offering total of 5 bedrooms plus an office, two kitchens, separate living spaces and extensive upgrades, this versatile property is ideal for growing families and multigenerational living. A fantastic opportunity with exceptional space and functionality! Don't Miss Out!
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $3,507 |
| Lot Size | 48.5 ft x 216.55 ft |
| mls© Number | X14029712 |
| Listed By | RE/MAX GOLD REALTY INC. |
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%
- $3,454
- Property tax
- $292
- Heat allowance
- $150
- Housing costs
- $3,897 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$120,000
gross annual household income
- Payment at 4%
- $2,840 / mo
- Cash down
- $134,980
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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