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Price Change$1,149,000

7520 Splendour Drive N

222 - Brown, Niagara Falls

$999,999

Detached|2-Storey
4 | 2 | 6
About this home

Multigenerational Home & Investment OpportunityThis versatile property functions as three self-contained units, each with its own kitchen, laundry, and private entrance-ideal for extended families seeking privacy under one roof, with the flexibility to be used as a single-family home. The layout offers a 1-bedroom unit on the main floor, a 2-bedroom unit on the upper level, and a 1-bedroom unit in the basement.With a potential rental income of $5,700 per month, the property covers most of the mortgage, and income from just two units can offset the full payment-an excellent opportunity for first-time and experienced investors alike. Located in one of the area's strongest rental markets, it offers convenient access to shopping, schools, movie theaters, Walmart, and major highways, ensuring steady tenant demand.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNew
Size2000-2500 sq. ft.
Property Tax$6,800
Lot Size33.9 ft x 103 ft
mls© NumberX13745230
Listed BySERIK 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%
$5,118
Property tax
$567
Heat allowance
$150
Housing costs
$5,835 / mo

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

Down payment20% · $200,000
25-yr amortization

Income needed

$180,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$200,000

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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