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Jamie Black

jamie@jamieblackhomes.ca +1(416) 496-9220

$ 749,900

Est. payment -/mo

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Active

32 MCNAMARA ST Thorold, ON L2V 2M6

3 Beds

4 Baths

2,600 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $288

Subdivision 557 - Thorold Downtown

MLS Listing ID X9414508

Style 2-Storey

Bedrooms 3

Building Age 16-30

Annual Tax Amount $4,519

Tax Year 2024

Property Sub-Type Detached

Property Description

Imagine owning this wonderful 1,800 sqft, 3 bed, 3.5 bath brick home with a garage for just $1,500 a month in mortgage payments! Yes, you read that right—this could be your reality. Here's how: We'll add a fully legal 1-bedroom basement apartment with its own private entrance, and you could easily earn $1,500 a month in rental income. Even better? Half of this rental income can be added to your income to help you qualify for financing!

With a purchase price of $688K, a 4% mortgage rate, and 25-year amortization, putting down $130,000 would normally give you a $3,000 monthly mortgage payment. But with the rental income, you're only looking at a net payment of $1,500 per month! And as interest rates continue to drop, going variable could save you even more. Want to flip the script? Live in the basement and rent out the upper level for $3,000 per month, and your mortgage payments could be covered entirely—living for free! Or... rent the entire house out and let it pay for itself giving you positive cashflow.

Located close to shopping, dining, highways, and Brock University, this is not just a home, it's a fantastic investment opportunity. Don't miss out!

Location

Province ON

County Niagara

Community 557 - Thorold Downtown

Area Niagara

Zoning R2

Rooms

Family Room Yes

Basement Walk-Out, Unfinished

Kitchen 1

Interior

Interior Features Water Heater Owned, Sump Pump

Cooling Central Air

Fireplaces Number 1

Inclusions Dishwasher, Refrigerator, Stove

Exterior

Parking Features Private Double

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 56.0

Lot Depth 82.85

Exposure North

Total Parking Spaces 4

Building

Foundation Poured Concrete

New Construction false

Others

Senior Community Yes

Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE

Jamie Black

Sales Representative

+1(416) 496-9220

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Jamie Black

32 MCNAMARA ST Thorold, ON L2V 2M6

Key Details

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32 MCNAMARA ST

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