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557 - Thorold Downtown, Thorold
$625,000
Situated in one of Thorold's most desirable neighbourhoods, this property presents an exceptional opportunity for families of all sizes. Featuring a total of six bedrooms and four three-piece bathrooms across the upper and lower units, it is ideally suited for multi-generational living or for buyers looking to offset their mortgage with rental income. Both units are fully self-contained, offering complete kitchens, separate laundry facilities, and private entrances. Recent updates include new window coverings, modern appliances, and renovated bathrooms, making this home truly move-in ready. Conveniently located close to elementary schools, Brock University, and the Pen Centre, this turnkey property offers both lifestyle and investment appeal.
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| Type | Detached |
| Style | Sidesplit |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,558 |
| Lot Size | 55.8 ft x 123.22 ft |
| mls© Number | X13810080 |
| Listed By | RE/MAX ESCARPMENT 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%
- $3,199
- Property tax
- $380
- Heat allowance
- $150
- Housing costs
- $3,729 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$115,000
gross annual household income
- Payment at 4%
- $2,630 / mo
- Cash down
- $125,000
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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