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Price Change$775,000

6490 Thorold Stone Road

212 - Morrison, Niagara Falls

$749,000

Detached|1 1/2 Storey
7 | 4 | 22
About this home

Welcome to 6490 Thorold Stone Rd in Niagara Falls! This R5 zoned home is over 2500 Sqft plus the finished basement, and is currently used as 3 units! All three units have separate entrances. The Main floor unit is set up as a one bed, one bath unit. The upper unit is a 2 bedroom, 1.5 bathroom unit and has an open concept living/dining/kitchen area that will wow you. The basement unit is presently set up as a 3 bedroom, one bathroom unit. The home can be easily converted back to a single family home as well, and could house upwards of 7 bedrooms and 3.5 bathrooms. The lot offers a massive amount of parking for all units, and a 2.5 car garage at the back of the lot! This would also be a good space for parking work vehicles, and/or equipment as needed! Book your private showing today!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$3,031
Lot Size50 ft x 220 ft
mls© NumberX12905350
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%
$3,834
Property tax
$253
Heat allowance
$150
Housing costs
$4,236 / mo

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

Down payment20% · $149,800
25-yr amortization

Income needed

$130,000

gross annual household income

Payment at 4%
$3,152 / mo
Cash down
$149,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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