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Price Change$419,000

16 Cumming Street

458 - Western Hill, St. Catharines

$374,900

Detached|Bungalow
2 | 2 | 2
About this home

Welcome to a first time home-buyer's home with potential for rental income or a quick renovation face-lift to turn into a rental income of 2 separate units. The back entry door can easily be sectioned off from the main floor to turn it into a separate rental of 3 bedrooms downstairs. Situated right on the St. Catharine's bus route that will take you to the Brock University exchange, less than 10 minutes to the hospital, 2 elementary schools, Edith Cavell Public School and St. Anthony's Catholic School. Pet-free and smoke-free home. The property allows for 2 cars to park tandem. A spacious backyard allows for a growing family or a gardener's paradise. Property being sold as in condition. Easy closing with flexibility on closing date.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,609
Lot Size35.08 ft x 105.18 ft
mls© NumberX13208816
Listed ByUNION CAPITAL REALTY

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%
$1,919
Property tax
$217
Heat allowance
$150
Housing costs
$2,286 / mo

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

Down payment20% · $74,980
25-yr amortization

Income needed

$70,000

gross annual household income

Payment at 4%
$1,578 / mo
Cash down
$74,980

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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