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Listed 15 days ago

47 Michigan Avenue

557 - Thorold Downtown, Thorold

$749,999

Detached|Bungalow
3 | 2 | 4
About this home

Welcome to 47 Michigan Avenue, a beautifully renovated family home located in a quiet, family-friendly Thorold neighbourhood surrounded by mature trees. This spacious property offers three bedrooms upstairs plus three additional bedrooms in the finished basement, providing plenty of room for a growing or extended family. Many upgrades and renovations have been completed throughout the home. The large backyard features a beautiful swimming pool, perfect for summer entertaining and family enjoyment. Conveniently located near Richmond Street Public School and Our Lady of the Holy Rosary Catholic Elementary School, with parks, shopping and everyday amenities nearby. Approximately five minutes to Highway 406 and ten minutes to the Pen Centre, with easy access to Brock University and St. Catharines. The basement is not registered or recognized as a legal, retrofitted secondary dwelling unit. The seller and listing brokerage make no representations or warranties regarding its legal or retrofit status.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,300
Lot Size60 ft x 111 ft
mls© NumberX13788906
Listed BySUTTON GROUP-ADMIRAL REALTY INC.

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
$358
Heat allowance
$150
Housing costs
$4,347 / mo

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

Down payment20% · $150,000
25-yr amortization

Income needed

$134,000

gross annual household income

Payment at 4%
$3,156 / mo
Cash down
$150,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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