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Listed 1 month ago

5568 Drummond Road

215 - Hospital, Niagara Falls

$548,000

Detached|Bungalow
3 | 2 | 5
About this home

Welcome to an opportunity that goes well beyond the home itself. Set on an impressive 250 foot deep lot in the heart of Niagara Falls, this property offers the space, location, and flexibility to think about both today and tomorrow.Enjoy the existing home as a comfortable residence while exploring the possibilities that a lot of this size may offer. Whether your vision includes a garden suite, additional dwelling, severance opportunity to create a separate building lot, or a future redevelopment concept, there are several potential directions for an owner, investor, or builder to investigate. All development, severance, additional dwelling, and garden suite opportunities are subject to municipal zoning, servicing, permits, approvals, and confirmation with the City of Niagara Falls. The existing home also provides versatility, featuring a fully finished lower level with a separate entrance, creating potential for extended family, an in law setup, or additional living space. A garage, generous driveway parking, and the exceptional depth of the property add to its functionality and appeal. Located approximately 5 minutes from Niagara Falls attractions, with convenient access to the QEW, schools, shopping, transit, and everyday amenities, the location combines accessibility with long term potential. You're not simply buying a house. You're buying options. Live in it, invest in it, explore adding another dwelling, investigate severance, or hold the property while planning for the future. Properties with this combination of an existing home, a 250 foot deep lot, central location, and multiple potential future uses don't come along often. Bring your vision and explore what could be possible.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,737
Lot Size40 ft x 250 ft
mls© NumberX13683874
Listed ByBOLDT REALTY INC., 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%
$2,805
Property tax
$311
Heat allowance
$150
Housing costs
$3,266 / mo

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

Down payment20% · $109,600
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,306 / mo
Cash down
$109,600

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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