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213 - Ascot, Niagara Falls
$499,900
Located in the desirable and established Ascot community of Niagara Falls at 4751 Baldwin Ave , this exceptional property offers a rare blend of immediate cash flow, financial leverage, and tremendous future development potential near Montrose Rd. Situated on an expansive 53.06 x 131.4-foot lot , the well-maintained bungalow features a practical layout without a basement, making it ideal for families seeking an affordable transitional home with long-term investment upside. For savvy investors and builders, this is a premier opportunity to secure a prime piece of land using conventional residential mortgage leverage, as the existing structure can be completely relocated and sold for instant cash, leaving a vacant lot ready for a brand-new build. Generating an immediate rental income of $1,850 per month from a reliable AAA tenant, combined with a separate detached garage equipped with hydro, an owned water heater, and absolutely no monthly fees, this turn-key asset ensures completely stress-free cash flow while you plan your next move.
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| Type | Detached |
| Style | 1 Storey/Apt |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,319 |
| Lot Size | 53 ft x 131 ft |
| mls© Number | X13114450 |
| Listed By | HOMELIFE LANDMARK REALTY INC. |
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%
- $2,559
- Property tax
- $277
- Heat allowance
- $150
- Housing costs
- $2,985 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$92,000
gross annual household income
- Payment at 4%
- $2,104 / mo
- Cash down
- $99,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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