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Listed 2 months ago

148 Gorham Road

335 - Ridgeway, Fort Erie

$439,900

Detached|1 1/2 Storey
1 | 2 | 4
About this home

Solid brick. home with updates in Ridgeway! Located on a 66.5x200 ft lot, this solid brick 1.5 storey is ready for your personal touch! Main floor features a large eat in kitchen, living room, updated 4 pc bath and a dining room, that could easily be finished off into another bedroom (it had been at one point) and laundry, all with updated hard luxury vinyl plank flooring throughout. Upstairs is a whole primary bedroom retreat. Partially finished lower level with a rec room and gas fireplace, an office, and a 2 pc bath plus a 2nd set of laundry hookups. The exterior of this home has great curb appeal, with updates to to the siding and capping that make it low maintenance. With such a large lot, there is room for future expansion. Only a short walk to downtown Ridgeway, shops and amenities, and only a quick bike ride to the sandy shores of Lake Erie. This would make an excellent home for a first timer!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,355
Lot Size66.5 ft x 200 ft
mls© NumberX13765186
Listed ByROYAL 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%
$2,252
Property tax
$280
Heat allowance
$150
Housing costs
$2,681 / mo

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

Down payment20% · $87,980
25-yr amortization

Income needed

$82,000

gross annual household income

Payment at 4%
$1,851 / mo
Cash down
$87,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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