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Listed 30 days ago

422 Welland Avenue

445 - Facer, St. Catharines

$399,900

Detached|Bungalow
3 | 2 | 2
About this home

A fully renovated bungalow, R2-zoned, suited for owner-occupiers seeking rental offset or investors seeking a good ROI. ***With a separate entrance to the basement, and existing kitchen and bathroom rough-ins, the lower level can be converted at low cost into a self-contained 2-bedroom, 1-bath suite with its own bathroom and laundry. The main floor and basement, when rented separately, could possibly achieve a combined ROI potentially exceeding 8-10% resulting in an outstanding cash flow performance.***The driveway, with minor repositioning, can accommodate 4 vehicles; the backyard is fully fenced, offering generous space for outdoor activities.***Major 2025-2026 renovations: front and side doors, main-floor windows, eavestroughs and downspouts, exterior and main-floor paint, kitchen cabinets and flooring, stainless steel (interior) dishwasher and range hood, new bathroom, waterproofed basement walls with new laundry area flooring, and a new heat pump A/C. Low overall maintenance costs.***The property is conveniently located near shopping, dining, schools, a hospital, with easy access to the QEW and along public bus routes. This prime location benefits from strong rental demand and proximity to essential amenities, making it a solid long-term investment property.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,716
Lot Size40 ft x 120 ft
mls© NumberX13606558
Listed ByHOMELIFE NEW WORLD 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%
$2,047
Property tax
$226
Heat allowance
$150
Housing costs
$2,423 / mo

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

Down payment20% · $79,980
25-yr amortization

Income needed

$75,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$79,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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