Listed 1 month ago
51 Front Street S
557 - Thorold Downtown, Thorold
$750,000
Detached|Other
2 | 3 | 3
About this home
Three floors of residential living, with the chance to become a commercial landlord. This really is a rarity...
Extras
No extras listed.
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| Type | Detached |
| Style | Other |
| Approx. Age | 100+ |
| Size | 3000-3500 sq. ft. |
| Property Tax | $4,753 |
| Lot Size | 19.06 ft x 87.5 ft |
| mls© Number | X13725500 |
| Listed By | ROYAL LEPAGE NRC REALTY |
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%
- $3,839
- Property tax
- $396
- Heat allowance
- $150
- Housing costs
- $4,385 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $150,000
25-yr amortization
Income needed
$135,000
gross annual household income
- Payment at 4%
- $3,156 / mo
- Cash down
- $150,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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