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$599,900
Available - For Sale
Listing ID: X12006799
Welcome to 8 Rainbow, a meticulously maintained and thoughtfully designed 4-bedroom, 2-bathroom home, offering unparalleled flexibility for single families, multigenerational living, or investors. Located in a peaceful, family-friendly neighborhood in Welland, this property seamlessly blends comfort and convenience, providing easy access to essential amenities and transportation routes. This home features a main-level apartment and a newly renovated, legal lower-level apartment, making it an ideal option for those seeking to generate rental income or accommodate extended family. The main-level apartment includes a well-equipped kitchen, spacious living area, dining space, three bedrooms, and a full bathroom, providing a comfortable living environment. The lower-level apartment, renovated in early 2024, is a fully self-contained unit with its own kitchen, featuring new 2024 appliances and updated flooring throughout. It includes a cozy living area, one bedroom, and a full bathroom, all newly renovated, offering privacy, comfort, and versatility. Eligible for use as two separate rental units, this property presents a remarkable investment opportunity. Ideally located near the Welland River, Elmwood Park, and a variety of dining and recreational options, it offers abundant leisure activities for residents. Additionally, daily essentials are just moments away with grocery stores and shopping centers in close proximity. Whether you're looking for a forever home with added living space or a strategic investment opportunity, this property offers the best of both worlds. The main floor of this property has been leased on a month-to-month basis at a rate of $2,111.50. Don't miss out! Schedule your private showing today!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $29,995 $59,990 $89,985 $119,980
First Mortgage $569,905 $539,910 $509,915 $479,920
CMHC/GE $15,672.39 $10,798.2 $8,923.51 $0
Total Financing $585,577.39 $550,708.2 $518,838.51 $479,920
Monthly P&I $2,507.98 $2,358.64 $2,222.15 $2,055.46
Expenses $0 $0 $0 $0
Total Payment $2,507.98 $2,358.64 $2,222.15 $2,055.46
Income Required $94,049.35 $88,449.02 $83,330.44 $77,079.76

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX NIAGARA REALTY LTD, BROKERAGE

8 Rainbow Cour , Welland, L3C 6R3, Niagara

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Semi-Detached
Area: Niagara
Municipality: Welland
Neighbourhood: 772 - Broadway
Style: Bungalow-Raised
Lot Size: x 110.02(Feet)
Approximate Age: 31-50
Tax: $2,850
Maintenance Fee: $0
Beds: 3+1
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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