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Listed 8 days ago

74 Wiley Street

451 - Downtown, St. Catharines

$485,000

Detached|1 1/2 Storey
5 | 3 | 1
About this home

This solid brick detached home has 7 bedrooms, 3 full bathrooms, and is located in the charming Fitzgerald neighbourhood just North of downtown St.Catharines. With good potential for an in-law suite or auxiliary dwelling unit project the property is a great option for investors, large families, and buyers of all types. There is a main floor bedroom along with full washroom, kitchen, dining room, and living room along with a garage that has been converted into storage space but could be reclaimed as a typical attached garage. On the second floor you will find another full washroom and 4 bedrooms including one that is separate from the others and currently has a kitchenet space you enter through to access the bedroom. The finished basement has two bedrooms, a full washroom, and a living room area as well. Surrounded by amazing neighbours, parks, schools, and walking distance or a short commute from everything that the city and region have to offer.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$4,027
Lot Size40 ft x 100 ft
mls© NumberX13817118
Listed ByRE/MAX GARDEN CITY 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%
$2,482
Property tax
$336
Heat allowance
$150
Housing costs
$2,968 / mo

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

Down payment20% · $97,000
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$2,041 / mo
Cash down
$97,000

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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