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Listed 8 days ago

61 Patricia Street

557 - Thorold Downtown, Thorold

$344,900

Detached|1 1/2 Storey
2 | 1 | 3
About this home

This 2-bedroom, 1-bathroom home offers nearly 1,200 square feet of living space, making it an excellent opportunity for first-time buyers or investors. Located on a quiet dead-end street, the main floor features hardwood floors throughout, a formal dining area, and convenient main-level laundry. Start your day in the bright enclosed front porch or step through the kitchen's patio doors onto the back deck, perfect for enjoying the outdoors. The fully fenced backyard provides privacy and plenty of space for outdoor enjoyment. With easy highway access and all amenities just minutes away, this property offers a central location with plenty of potential.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,414
Lot Size35 ft x 105 ft
mls© NumberX13815868
Listed ByREVEL Realty Inc., Brokerage

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%
$1,765
Property tax
$201
Heat allowance
$150
Housing costs
$2,116 / mo

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

Down payment20% · $68,980
25-yr amortization

Income needed

$65,000

gross annual household income

Payment at 4%
$1,451 / mo
Cash down
$68,980

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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