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Listed 14 days ago

557 Geneva Street

443 - Lakeport, St. Catharines

$475,000

Detached|Bungalow
3 | 2 | 2
About this home

Welcome to 557 Geneva Street. This bungalow can be used as a single family home or multi-family rental (main floor unit and lower unit) an is a perfect opportunity for savvy investors or a family looking for a great in-law setup. Step inside the main floor unit to find solid surface floors, a massive updated eat-in kitchen, formal living room a four piece bathroom and 3 bedrooms (1 bedroom features laundry hookups). The basement unit of the home is also accessible via a separate entrance and offers one bedroom, one three piece bathroom, a den area, eat-in kitchen and a spacious living room. The massive fenced backyard includes a patio space, shed and offers plenty of room for the kids and pets to enjoy. Being located on Geneva street means all amenities are only moments away. Schools, shopping, the 406 and even Lake Ontario are nearby.

Extras

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Got questions?

Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,574
Lot Size51 ft x 120.75 ft
mls© NumberX13659662
Listed ByROYAL LEPAGE NRC 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%
$2,431
Property tax
$298
Heat allowance
$150
Housing costs
$2,879 / mo

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

Down payment20% · $95,000
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$1,999 / mo
Cash down
$95,000

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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