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New7 days ago

50 Palace Street

557 - Thorold Downtown, Thorold

$829,900

Detached|2-Storey
4 | 5 | 3
About this home

Welcome to over 3,200 sq. ft. of finished living space, perfectly designed for multi-generational living or growing families. This impressive home offers privacy, comfort, and exceptional functionality throughout. The functional main floor features an oversized formal dining area perfect for hosting, a 2-piece powder room, and a well-appointed kitchen complete with a breakfast bar and stainless steel appliances. Adjacent to the kitchen, the open-concept dinette and living room flow seamlessly through sliding patio doors to a private backyard with no rear neighbours - complete with a poured concrete patio, above-ground pool, and low-maintenance artificial turf. Convenient main-floor laundry with direct access to the garage completes the main level. Upstairs, double doors open into a massive primary suite featuring a generous walk-in closet and a 4-piece ensuite with a deep soaker tub and separate shower. The second floor offers three additional spacious bedrooms: one with its own private walk-in closet and 4-piece ensuite, while the remaining two share convenient ensuite privilege to another full 4-piece bath. The fully finished basement expands your living space and offers ideal in-law suite potential, complete with a secondary open-concept kitchen and living area, a recreation room, a full 4-piece bathroom, and an additional bedroom.

Extras

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age6-15
Size2500-3000 sq. ft.
Property Tax$7,741
Lot Size32.81 ft x 102.13 ft
mls© NumberX13686930
Listed ByCentury 21 Heritage House LTD

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%
$4,248
Property tax
$645
Heat allowance
$150
Housing costs
$5,043 / mo

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

Down payment20% · $165,980
25-yr amortization

Income needed

$155,000

gross annual household income

Payment at 4%
$3,492 / mo
Cash down
$165,980

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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