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New1 day ago

5186 Mcglashan Crescent

210 - Downtown, Niagara Falls

$449,000

Detached|2-Storey
3 | 1 | 4
About this home

5186 McGlashan is a tasteful century home, updated for the modern family or savvy investor in mind. With a fully separate self contained apartment for supplementary income, the primary residence offers 3 bedrooms up, a renovated full bath, and a functional main floor layout with an updated kitchen with stainless appliances and custom tile, a dedicated dining and living area, all punctuated with a stained glass window, tall baseboards and high ceilings. An expansive verandah spans the front, while a generous and meticulously maintained fenced yard complements the back. Ample parking, storage and a full unfinished basements, appropriate for storage, under each unit. Located in a mature residential neighbourhood, steps from tourist amenities, public transit, the Casino and shopping. Ideal for first-time buyers, those looking to downsize or investors seeking a solid property in a prime Niagara Falls location. Opportunity abounds!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$2,803
Lot Size40 ft x 130 ft
mls© NumberX14092252
Listed ByBOSLEY REAL ESTATE LTD.,

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%
$2,298
Property tax
$234
Heat allowance
$150
Housing costs
$2,682 / mo

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

Down payment20% · $89,800
25-yr amortization

Income needed

$83,000

gross annual household income

Payment at 4%
$1,889 / mo
Cash down
$89,800

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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