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461 - Glendale/Glenridge, St. Catharines
$799,900
This property comes with $30,000 a year in income, and you get to choose your own tenants! This solid brick bungalow offers a fully finished in-law suite and an excellent opportunity for buyers looking for additional income or multi-generational living. The bright and spacious main floor features a sun-filled living room that flows directly into the dining room overlooking the backyard. The kitchen also enjoys backyard views and comes equipped with stainless steel appliances. Three generously sized bedrooms and a 4-piece bathroom complete the main level. A separate entrance leads directly into the fully finished lower level, featuring a large rec room, fully equipped kitchen and 3-piece bathroom. You'll also find three spacious bedrooms, each featuring oversized egress windows that provide plenty of natural light and create a bright, comfortable space that feels far from a typical basement. Outside, the impressive (81 ft x 120 ft) lot provides plenty of room to enjoy, while mature surrounding trees add an extra layer of backyard privacy. Conveniently located just 5 minutes from Brock University, the Pen Centre and Highway 406, and close to highly ranked elementary schools and everyday amenities, this home combines space, flexibility, income potential and an incredibly convenient location.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,998 |
| Lot Size | 85 ft x 120 ft |
| mls© Number | X13832052 |
| Listed By | RE/MAX NIAGARA REALTY LTD, 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%
- $4,094
- Property tax
- $417
- Heat allowance
- $150
- Housing costs
- $4,661 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$143,000
gross annual household income
- Payment at 4%
- $3,366 / mo
- Cash down
- $159,980
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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