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Listed 11 days ago

5821 Leonard Avenue

215 - Hospital, Niagara Falls

$650,000

Detached|2-Storey
4 | 3 | 4
About this home

Detached Home with Income Potential on a Large Lot! Welcome to this well-located detached home offering an excellent combination of space, parking, and income potential. The property features two separate units on the main level, including a one-bedroom in-law suite with its own separate entrance and a tenant currently in place-an excellent opportunity for buyers seeking additional income or investors looking for added flexibility.The main residence offers a spacious living room, dining room, kitchen, and convenient two-piece powder room on the main level. The second floor features three generously sized bedrooms and a three-piece bathroom, providing comfortable living space for a family.Situated on a large lot with a generous backyard, the property also features two separate driveways, providing ample parking for residents and guests. The basement includes a separate entrance, offering additional flexibility and potential for future use.Conveniently located directly behind CIBC on Leonard Avenue off Lundys Lane with easy access to local amenities, services, shopping, and everyday conveniences.A versatile property offering generous living space, ample parking, a large lot, and income potential-ideal for homeowners, multi-generational living, or investors.

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Contact Milad directly.

agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$3,953
Lot Size50 ft x 120 ft
mls© NumberX13762462
Listed ByENGEL & VOLKERS NIAGARA

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%
$3,327
Property tax
$329
Heat allowance
$150
Housing costs
$3,806 / mo

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

Down payment20% · $130,000
25-yr amortization

Income needed

$117,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$130,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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