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Price Change$1,550,000

3290 Evadere Avenue

335 - Ridgeway, Fort Erie

$1,500,000

Detached|Bungalow-Raised
5 | 5 | 22
About this home

Come see this unique custom built home, in the sought after area of Thunder Bay, offering any one of three options. (1)Large single family home, (2)true rental unit on the lower level or (3)a completely separate two family home. Rent the lower unit to help offset mortgage payments or purchase with another buyer and split the mortgage payments, or simply enjoy the large home and all that it has to offer. Main floor and lower level offer large kitchens, family rooms, dining room and laundry facilities. Wine cellar and plenty of storage. Sun room and composite deck on the main level, separate sun room on back of the garage for the lower unit. Hardwood and tile flooring on both levels. Custom maple cabinets, granite counters. Gas fireplace, large foyer. Nine, ten and thirteen foot ceilings. Maintence free, stone , brick, and stucco exterior. Attached garage plus additional detached garage. Parking for 16 vehicles. Out door entertainment is a breeze with ovens, kitchen and bbq. Fire pit for those cool spring and fall evenings. Gas generator hard wired covering the whole house. Large corner lot, fully fenced and nicely landscaped. Short walked to the lake and close to restaurants and shopping in the quaint village of Ridgeway. Please watch the video and take a tour.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow-Raised
Approx. Age6-15
Size2000-2500 sq. ft.
Property Tax$8,700
Lot Size132.98 ft x 125.34 ft
mls© NumberX13839730
Listed ByCentury 21 Heritage House LTD

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%
$7,678
Property tax
$725
Heat allowance
$150
Housing costs
$8,553 / mo

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

Down payment20% · $300,000
25-yr amortization

Income needed

$263,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$300,000

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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