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New33 minutes ago

192 Lincoln Road W

337 - Crystal Beach, Fort Erie

$499,000

Detached|1 1/2 Storey
9 | 4 | 3
About this home

**A RARE MULTI-INCOME INVESTMENT OPPORTUNITY IN CRYSTAL BEACH - UNDER $500K!**Two detached dwellings, four separate living accommodations, over 3,300 sq.ft. of combined living space, featuring 4 kitchens, 4 bathrooms and 2 laundry areas. Ideally located within walking distance to Crystal Beach, restaurants, shops and local amenities.Previously generated approximately **$82,000 in annual rental income when fully occupied**. Currently, only one accommodation is occupied, with three vacant, offering the new owner flexibility to reposition the property and explore its income potential.Ideal for investors, owner-occupiers seeking supplemental rental income, or multi-generational families. Enjoy the flexibility of two buildings and multiple living spaces in one of Crystal Beach's desirable locations.**Two Buildings. Four Living Accommodations. Prime Location. Exceptional Potential.**Offered at **$499,000** - a rare opportunity at this price point!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size3000-3500 sq. ft.
Property Tax$2,946
Lot Size40.33 ft x 80 ft
mls© NumberX14151078
Listed ByRE/MAX REALTRON 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%
$2,554
Property tax
$246
Heat allowance
$150
Housing costs
$2,950 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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