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Listed 4 months ago

4688 Ryerson Crescent

210 - Downtown, Niagara Falls

$368,800

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

ON A TIGHT BUDGET ?---THIS 1 1/2 STOREY 3 BEDROOM 2 BATH HOME IS ECONOMICAL & SURE TO PLEASE-PERFECT FOR FIRST TIME BUYERS AND INVESTORS. LOCATED ON ONE OF THE NICER STREETS IN THE NIAGARA FALLS DOWNTOWN AREA CLOSE TO AMENITIES AND PUBLIC TRANSIT. UPDATES:ELECTRICAL PANEL 2024,FURNACE 2018,FLAT ROOF ABOVE KITCHEN 2022, FLOORING IN MAIN AND UPPER LEVELS.NOTE :THIS PROPERTY WAS PREVIOUSLY A DUPLEX WHEN CURRENT OWNER PURCHASED....COULD EASILY BE CONVERTED TO MAKE AN ACCESORY APARTMENT. SELLER WILL CONSIDER A VENDOR TAKE BACK MORTGAGE FOR QUALIFIED BUYERS WITH 20% DOWNPAYMENT.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,252
Lot Size27.3 ft x 100 ft
mls© NumberX13123614
Listed ByCentury 21 Heritage House LTD

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%
$1,888
Property tax
$188
Heat allowance
$150
Housing costs
$2,225 / mo

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

Down payment20% · $73,760
25-yr amortization

Income needed

$68,000

gross annual household income

Payment at 4%
$1,552 / mo
Cash down
$73,760

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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