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Price Change$799,000

18 Valley Road

462 - Rykert/Vansickle, St. Catharines

$759,000

Detached|Bungalow
4 | 1 | 8
About this home

Significant savings with the Gov't supporting new builds; 50% off servicing costs and no HST on new homes. InFill Project! Valley Road is a hidden gem, one of the nicest streets in St. Catharines. Solid bungalow to be torn down at some point to allow for four new homes. This project has recently passed through the Committee of Adjustments, and has been approved for 2 semi's ( four homes ). The home is currently rented month to month and tenant is happy to stay or will vacate... Perfect tenant to keep until buyer ready to tear down and build. See plans in attachments. Buyer allowed to build 4 x 1400 square foot semi's with optional legal basement apartment. Significant information in the realtor attachment section.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,186
Lot Size93 ft x 132 ft
mls© NumberX12906004
Listed ByREVEL Realty Inc., Brokerage

Listing History

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  • 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%
$3,885
Property tax
$349
Heat allowance
$150
Housing costs
$4,384 / mo

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

Down payment20% · $151,800
25-yr amortization

Income needed

$135,000

gross annual household income

Payment at 4%
$3,194 / mo
Cash down
$151,800

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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