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Price Change$614,900

5110 Stanley Avenue

211 - Cherrywood, Niagara Falls

$599,900

Detached|1 1/2 Storey
6 | 3 | 6
About this home

Opportunity knocks with this versatile single detached home, thoughtfully converted into three separate dwelling units. Featuring 1-3-bedroom unit 1-2 bedroom unit and one 1-bedroom unit, with separate hydro metres (2), each complete with its own kitchen and bathroom, this property offers exceptional income potential. Whether you choose to live in the spacious main floor unit while supplementing your income or rent out all three units, the possibilities are endless. Shared coin operated laundry facilities in the basement provide convenience for all occupants and additional income. Double garage and private, paved driveway offers ample parking, and the rear yard adds outdoor enjoyment space. Ideally located near shopping, with quick access to the QEW, this property combines convenience with investment potential. Don't miss out on this incredible opportunity!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$3,476
Lot Size53 ft x 80 ft
mls© NumberX13033932
Listed ByCOLDWELL BANKER MOMENTUM REALTY, BROKERAGE

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%
$3,071
Property tax
$290
Heat allowance
$150
Housing costs
$3,510 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

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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