32 MCNAMARA Street, Thorold, ON L2V 2M6, Thorold, ON, L2V 2M6
MLS: X9414508 | Detached
$749,900
Property Description
Imagine owning this wonderful 1,800 sqft, 3 bed, 3.5 bath brick home with a garage for just $1,500 a month in mortgage payments! Yes, you read that right—this could be your reality. Here’s how: We’ll add a fully legal 1-bedroom basement apartment with its own private entrance, and you could easily earn $1,500 a month in rental income. Even better? Half of this rental income can be added to your income to help you qualify for financing!
With a purchase price of $688K, a 4% mortgage rate, and 25-year amortization, putting down $130,000 would normally give you a $3,000 monthly mortgage payment. But with the rental income, you're only looking at a net payment of $1,500 per month! And as interest rates continue to drop, going variable could save you even more. Want to flip the script? Live in the basement and rent out the upper level for $3,000 per month, and your mortgage payments could be covered entirely—living for free! Or... rent the entire house out and let it pay for itself giving you positive cashflow.
Located close to shopping, dining, highways, and Brock University, this is not just a home, it’s a fantastic investment opportunity. Don’t miss out!
Quick Facts
- Property Type: Detached
- Style: 2-Storey
- Bedrooms: 3 (3 above)
- Bathrooms: 4
- Attached: Yes
- Fireplaces: 1
- Parking: 4.0 spaces (Private Double)
Costs
- Annual Taxes: $4,519.25 (2024)
Listing Provided by: RE/MAX GARDEN CITY REALTY INC, BROKERAGE
Board: itso
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air
- Basement: Walk-Out, Unfinished
Exterior & Construction
- Style: 2-Storey
- Roof: Asphalt Shingle
- Construction: Brick
- Foundation: Poured Concrete
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: R2
Community & Neighbourhood
- Neighbourhood: 557 - Thorold Downtown
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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32 MCNAMARA Street, Thorold, ON L2V 2M6, Thorold, ON, L2V 2M6