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$695,000
Available - For Sale
Listing ID: X11994891
Fantastic opportunity for the right person. This former church building offers a very spacious owner occupied rear unit with up to 5 bedrooms. kitchen, diningroom, livingroom, laundry, pantry and 3 pc plus a large patio area and rear parking. The front of the building offers 6 bedrooms, currently rented, each with its own 2 pc washroom. Tenants share a kitchen, livingroom and 3 pc with shower. The owners unit could be divided to make extra money too! . Updates include roof shingles 2019, two high efficient furnaces 5-6 yrs old and central air. Electric hot water tank is owned, gas one is rented. 600 amp service coming into the building. Some parking. Owner is willing to stay on and rent the rear unit and manage the 6 rooms that are currently rented. ( 5 rooms @ $700/month and 1 room @ $630/month on next increase). Current rental income $46,240 with expenses of property taxes $2930, hydro $4870, gas $3760, rental enercare $540, water $2530. Live in the spacious owners unit and let the tenants pay your bills, including your mortgage!
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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 $58,999.95 $117,999.9 $176,999.85 $235,999.8
First Mortgage $1,120,999.05 $1,061,999.1 $1,002,999.15 $943,999.2
CMHC/GE $30,827.47 $21,239.98 $17,552.49 $0
Total Financing $1,151,826.52 $1,083,239.08 $1,020,551.64 $943,999.2
Monthly P&I $4,933.18 $4,639.43 $4,370.94 $4,043.08
Expenses $0 $0 $0 $0
Total Payment $4,933.18 $4,639.43 $4,370.94 $4,043.08
Income Required $184,994.39 $173,978.59 $163,910.38 $151,615.33

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE NRC REALTY

215 Broadway Aven , Welland, L3C 5L2, 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 - Detached
Area: Niagara
Municipality: Welland
Neighbourhood: 772 - Broadway
Style: Bungalow
Lot Size: x 130.00(Feet)
Approximate Age: 51-99
Tax: $2,959
Maintenance Fee: $0
Beds: 9
Baths: 8
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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