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Listed 1 month ago

26 Vine Street

446 - Fairview, St. Catharines

$389,000

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

Discover an amazing opportunity with this versatile rental property with an in law suite, perfect for generating income or living in one unit while renting out the other. Unit one features a two-story layout with a main floor bedroom, two bedrooms upstairs, and a 4-piece bath. Unit two is an open-concept studio/bachelor with a spacious living room and kitchen, a huge recreation room in the basement, and a 4-piece bath. This centrally located building has seen many updates, including replacement windows, a new roof, new floors in the rear unit, an updated bath in the rear unit, and a new furnace.Additional highlights include private laundry facilities in each unit, a beautifully landscaped rear yard with a storage shed, and a very walkable location. Situated in St. Catharines, you'll be close to Fitzgerald Park, St. Patrick's Park, and Catherine Street Park, making this an ideals pot for convenience and comfort.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$2,946
Lot Size35 ft x 100 ft
mls© NumberX13571434
Listed ByRE/MAX ABOUTOWNE REALTY CORP.

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%
$1,991
Property tax
$246
Heat allowance
$150
Housing costs
$2,387 / mo

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

Down payment20% · $77,800
25-yr amortization

Income needed

$73,000

gross annual household income

Payment at 4%
$1,637 / mo
Cash down
$77,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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