Detached House sold at 32 MCNAMARA Street, Thorold, 557 - Thorold Downtown, L2V 2M6 - MLS: X9414508

32 MCNAMARA Street No longer available

Thorold, 557 - Thorold Downtown, L2V 2M6

$749,900

Description

Listed by RE/MAX GARDEN CITY REALTY INC, BROKERAGE.

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!

Location

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Address: 32 MCNAMARA Street
Neighborhood: 557 - Thorold Downtown
City: Thorold
State: Ontario
Postal Code: L2V 2M6

Property Details

Property ID: X9414508
Property Price: $749,900
Style: Detached, 2-Storey
Rooms: 9+2
Bedrooms: 3+0
Bath: 4
Garages Spaces: 1
Garage: Attached
Parking Spaces: 4
Year Built: 16-30
A/C: Central Air
Basement: Unfinished, W/O
Central Vac.: N
Den: Y
Elevator: N
Exterior: Brick
Heating: Forced Air
Fireplace: Y
Taxes: $4,519.25 (2024)
Acreage: < .50 Acres
Lot: 82.85x56.00 (Feet)

Room details and dimensions

Living

Size: 14.27
Width: 3.35
Length: 4.26

Dining

Size: 13.27
Width: 3.35
Length: 3.96

Kitchen

Size: 23.13
Width: 5.43
Length: 4.26

Size: 13.77
Width: 3.35
Length: 4.11

Size: 12.06
Width: 3.35
Length: 3.60

Size: 26.29
Width: 4.67
Length: 5.63

Great Rm

Size: 37.06
Width: 5.79
Length: 6.40

Statistics for similar Detached homes in 557 - Thorold Downtown

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Detached homes in 557 - Thorold Downtown

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Detached homes in 557 - Thorold Downtown

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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