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New3 days ago

8 Sara Drive

562 - Hurricane/Merrittville, Thorold

$819,000

Detached|2-Storey
4 | 4 | 6
About this home

This New Community 2 Storey Detached Home Is Located In The Upcoming Thorold Community. Featuring Almost 3000 Square Feet Of Finished Living Space, This Property Offers Tons Of Upgrades. Garage With Double Doors Built-In. An Extra Wide Patio Door Overlooks Your Yard From Your Beautifully Designed Kitchen With An Island & Breakfast Bar. The Family Room Has An Open Concept With Balcony, Oak Staircase Leads You To 4 Large Bedrooms & 2 Full Washrooms On The Second Floor. Basement Fully Finished With Separate Entrance Features Ensuite Laundry & Private Kitchen, 2 Bedrooms And 1 Full Washroom. This 4+2 Bedroom Home Is Perfect For A Growing Family Or Investor. Great Family Neighborhood Right Off Hwy 406, We Are 5 Min From Niagara College, 10 Min From Brock University, Mins From Seaway Mall And Other Major Plazas. About 20 min From Niagara Falls, This Property Has Great Potential For Short-Term Rental Income During Peak Seasons Of The Year. Lots Of Upgrades Including Finished Basement Brick Exterior, 9Ft. Ceilings & Flooring On The Main Floor, 8Ft. Wide Sliding Patio Doors, Kitchen Backsplash, Oak Staircase, Glass Shower Doors.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age0-5
Size2500-3000 sq. ft.
Property Tax$6,542
Lot Size44.07 ft x 92.07 ft
mls© NumberX14034212
Listed ByRE/MAX REALTY SPECIALISTS 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%
$4,192
Property tax
$545
Heat allowance
$150
Housing costs
$4,887 / mo

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

Down payment20% · $163,800
25-yr amortization

Income needed

$150,000

gross annual household income

Payment at 4%
$3,446 / mo
Cash down
$163,800

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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