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Listed 2 months ago

6183 Skinner Street

217 - Arad/Fallsview, Niagara Falls

$465,000

Detached|Bungalow
2 | 2 | 2
About this home

Beautifully updated throughout, this versatile home offers 2+1 bedrooms and 2 full bathrooms, making it an excellent opportunity for first-time homebuyers, investors, or those seeking additional income potential. The bright main floor features luxury vinyl plank flooring throughout, a spacious living room, kitchen, two bedrooms, and a 4-piece bathroom. A convenient rear entrance provides direct access to both the kitchen and the finished basement.The freshly painted basement includes a large recreation room, a bedroom, a brand-new modern full bathroom, and a kitchenette with countertop, offering excellent potential for an in-law suite or an easy conversion to a second unit for added rental income. Situated on a desirable 40' x 100' lot, the property also features a long single driveway, a rear wood deck, a fully fenced backyard, and a storage shed. Ideally located just minutes from Casino Niagara, Fallsview Casino Resort, and the vibrant Clifton Hill entertainment district, you'll enjoy convenient access to world-class dining, attractions, shopping, and nightlife. A fantastic opportunity to own a move-in-ready home in one of Niagara Falls' most sought-after locations. Property under TRM(Transitional Residential Multiple) zoning, Zoning By-law No. 79-200.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,483
Lot Size40 ft x 100 ft
mls© NumberX13542498
Listed ByToronto Real Estate Realty Plus 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%
$2,380
Property tax
$207
Heat allowance
$150
Housing costs
$2,737 / mo

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

Down payment20% · $93,000
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,957 / mo
Cash down
$93,000

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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