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New2 days ago

6075 Summer Street

215 - Hospital, Niagara Falls

$619,000

Detached|Bungalow-Raised
3 | 3 | 3
About this home

Gorgeous, Renovated Detached Raised Bungalow with Walkout Basement Apartment on a Huge Corner Lot! Nearly $100,000 spent on renovations! This spacious home is an excellent opportunity for extended families or buyers looking to live upstairs while generating additional rental income from the basement. The main level features 3 bedrooms and 1.5 bathrooms, a large living and dining area, a newer kitchen with stainless steel appliances, and a beautiful glass-enclosed sunroom. The spacious 1-bedroom walkout basement apartment offers a separate entrance, large above-grade windows, and excellent potential to add a second bedroom. With its own kitchen and bathroom, the lower level provides a flexible space for family members or rental income. Extensive renovations include: Newer flooring throughout, Updated plumbing, portlights, 2.5 renovated bathrooms, 2 newer kitchens, Stainless steel appliances, Walkout basement with separate entrance. Situated on a huge corner lot in an excellent Niagara Falls location, this property inconveniently close to highways, schools, shopping, parks, restaurants, and other amenities. A fantastic opportunity for families, investors, or anyone seeking a renovated home with income potential!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,822
Lot Size49 ft x 126 ft
mls© NumberX13804390
Listed ByRE/MAX REAL ESTATE CENTRE 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%
$3,168
Property tax
$319
Heat allowance
$150
Housing costs
$3,637 / mo

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

Down payment20% · $123,800
25-yr amortization

Income needed

$112,000

gross annual household income

Payment at 4%
$2,605 / mo
Cash down
$123,800

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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