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Listed 1 month ago

4550 Homewood Avenue

211 - Cherrywood, Niagara Falls

$379,900

Detached|1 1/2 Storey
2 | 1 | 4
About this home

Attention Investors & First-Time Buyers! Discover a spectacular, turn-key investment opportunity strategically located in a high-demand rental market. This fully upgraded home is completely move-in ready and features a sleek, newly renovated washroom, fresh paint throughout, modern pot lights, brand-new laminate flooring, and elegant ceramic tiles. The updated kitchen comes complete with a brand-new stainless steel stove, making it entirely worry-free. Perfect for student housing or commuters, this property boasts an unbeatable location just minutes from downtown Niagara Falls, the GO Train Station, the GO Bus Station, and the main transit terminal. Combined with a generous driveway that easily accommodates three vehicles, this high-yield property offers an incredible opportunity to maximize your portfolio or settle into a beautifully modernized home. Don't miss out on this phenomenal, must-see property-schedule your private viewing today!

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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$2,537
Lot Size42 ft x 129.74 ft
mls© NumberX13679602
Listed ByHOMELIFE SUPERSTARS REAL ESTATE LIMITED

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%
$1,945
Property tax
$211
Heat allowance
$150
Housing costs
$2,306 / mo

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

Down payment20% · $75,980
25-yr amortization

Income needed

$71,000

gross annual household income

Payment at 4%
$1,599 / mo
Cash down
$75,980

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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