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New7 days ago

16 Garden Street

557 - Thorold Downtown, Thorold

$674,900

Detached|1 1/2 Storey
3 | 2 | 9
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$3,507
Lot Size48.5 ft x 216.55 ft
mls© NumberX14029712
Listed ByRE/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.

Down payment20% · $134,980
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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