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4148 Drummond Road

211 - Cherrywood, Niagara Falls

$575,000

Detached|Bungalow
2 | 2 | 3
About this home

Unique opportunity. Very well maintained brick bungalow with finished basement, currently used as a residential dwelling, yet features a General Commercial Zoning. Currently used as a Single Detached Dwelling. However, this zoning permits a wide variety of commercial uses and would be ideal for a home business or professional office. Wood trim, stained glass windows and features a very large master bedroom, bright kitchen, office, second bedroom and modern 3 piece bathroom. The basement has a comfortable open concept recreation room and also features a 1-3 piece bathroom and laundry area with potentially separate entrance if you're envisioning thoughts towards in-law suite. This home shares the amenities of the highly desirable Stamford Centre District and Cherrywood district of Niagara Falls and is just a few minutes' drive or walk to great neighbourhood plazas and restaurants. Quick access to the QEW.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,836
Lot Size50 ft x 91.3 ft
mls© NumberX13030202
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%
$2,943
Property tax
$236
Heat allowance
$150
Housing costs
$3,329 / mo

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

Down payment20% · $115,000
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,420 / mo
Cash down
$115,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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