32 Mcnamara Street, Thorold
- Bedrooms: 3
- Bathrooms: 4
- Living area: 2600 square feet
- Type: Residential
- Added: 54 days ago
- Updated: 12 days ago
- Last Checked: 9 hours ago
Imagine owning this wonderful 1,800 sqft, 3 bed, 3.5 bath brick home with a garage for just $1,500 a month in mortgage payments! Yes, you read that right—this could be your reality. Here’s how: We’ll add a fully legal 1-bedroom basement apartment with its own private entrance, and you could easily earn $1,500 a month in rental income. Even better? Half of this rental income can be added to your income to help you qualify for financing! With a purchase price of $688K, a 4% mortgage rate, and 25-year amortization, putting down $130,000 would normally give you a $3,000 monthly mortgage payment. But with the rental income, you're only looking at a net payment of $1,500 per month! And as interest rates continue to drop, going variable could save you even more. Want to flip the script? Live in the basement and rent out the upper level for $3,000 per month, and your mortgage payments could be covered entirely—living for free! Or... rent the entire house out and let it pay for itself giving you positive cashflow. Located close to shopping, dining, highways, and Brock University, this is not just a home, it’s a fantastic investment opportunity. Don’t miss out! (id:1945)
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Property Details
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- Stories: 2
- Year Built: 2003
- Structure Type: House
- Exterior Features: Brick
- Foundation Details: Poured Concrete
- Architectural Style: 2 Level
Interior Features
- Basement: Unfinished, Full
- Appliances: Refrigerator, Dishwasher, Stove
- Living Area: 2600
- Bedrooms Total: 3
- Fireplaces Total: 1
- Bathrooms Partial: 1
- Above Grade Finished Area: 1800
- Below Grade Finished Area: 800
- Above Grade Finished Area Units: square feet
- Below Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
- Below Grade Finished Area Source: Other
Exterior & Lot Features
- Lot Features: Sump Pump
- Water Source: Municipal water
- Parking Total: 4
- Parking Features: Attached Garage
Location & Community
- Directions: Take St Davids Road to Pine Street N to McNamara Street
- Common Interest: Freehold
- Subdivision Name: 557 - Thorold Downtown
- Community Features: Quiet Area, School Bus
Utilities & Systems
- Sewer: Municipal sewage system
Tax & Legal Information
- Tax Annual Amount: 4519.25
- Zoning Description: R2
Room Dimensions
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