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Bedrooms: 6
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Bathrooms: 2
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MLS®: x8079302
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Type: Residential
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Added: 79 days ago
Property Details
Investment Opportunity: Cash Flow Property Near Niagara CollegeWelcome to this prime investment property located within walking distance from Niagara College, offering both convenience and potential for steady rental income. This spacious home is strategically designed for optimal usage, featuring multiple living areas across two levels, ideal for accommodating students or tenants seeking proximity to educational institutions. The upper level boasts a comfortable living area, a separate dining space, and a well-appointed kitchen, providing ample room for relaxation and culinary endeavors. The basement presents further opportunities for functional living, with a secondary kitchen, laundry facilities, and generous living and one bedroom, enhancing the property's appeal and versatility. With its strategic location near Niagara College, this property promises consistent rental demand, making it an attractive option for investors seeking a reliable cashflow opportunity. (id:1945)
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Property Information
- Cooling: Central air conditioning
- Heating: Forced air, Natural gas
- Basement: Finished, Full
- Photos Count: 14
- Parking Total: 3
- Bedrooms Total: 6
- Structure Type: House
- Common Interest: Freehold
- Tax Annual Amount: 2935
- Exterior Features: Brick, Aluminum siding
- Lot Size Dimensions: 32 x 112 FT
Room Dimensions
Type |
Level |
Dimensions |
Living room |
Main level |
|
Dining room |
Main level |
|
Kitchen |
Main level |
|
Primary Bedroom |
Second level |
|
Bedroom 2 |
Second level |
|
Bedroom 3 |
Second level |
|
Family room |
Basement |
|
Bedroom |
Basement |
|
Bedroom 2 |
Basement |
|
Kitchen |
Basement |
|
|
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Association |
Nearby Places
Name |
Type |
Address |
Distance |
District School Board of Niagara |
School |
240 Thorold Rd |
1.0 km |
Welland Centennial Secondary School |
The school mascot is the Cougar and the school col... |
|
1.0 km |
Seaway Mall |
Shopping mall |
800 Niagara St |
1.1 km |
Seaway Mall |
The mall has 500,000 square feet (46,000 m2) of sp... |
|
1.1 km |
Welland (provincial electoral district) |
A new riding of Niagara Centre was created before ... |
|
1.7 km |
École élémentaire Nouvel Horizon |
École élémentaire Nouvel-Horizon is a French first... |
|
1.7 km |
Notre Dame College School |
In the early years of the establishment, tuition w... |
|
1.8 km |
Welland Stadium |
The ballpark has a capacity of 2,500 people and wa... |
|
1.8 km |
Welland Canal, bridge 13 |
The bridge crosses an abandoned portion of the Wel... |
|
2.4 km |
Welland |
Within a half-hour or less, residents can travel t... |
|
3.9 km |
Welland Canal, Bridge 15 |
The bridge formerly carried the main line of the C... |
|
4.0 km |
Main Street Tunnel |
The structure was built as a part of the Welland B... |
|
4.1 km |
Similar Houses Stat in Welland
We have found 6 Houses that closely match the specifications of the property located at 413 First Ave with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 649,900 and 799,115, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the L3C5R3 postal code area of Welland Ontario Canada.
413 First Ave mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 413 First Ave. The current price of the property is $629,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $503,920. This would result in a monthly mortgage payment of $2,946 over a 25-year amortization period.
Demographic Information
Neighbourhood Education
Master's degree
|
10
|
Bachelor's degree
|
45
|
Certificate of Qualification
|
15
|
College
|
85
|
University degree at bachelor level or above
|
60
|
Neighbourhood Marital Status Stat
Married
|
180
|
Widowed
|
15
|
Divorced
|
15
|
Separated
|
10
|
Never married
|
95
|
Living common law
|
25
|
Married or living common law
|
210
|
Not married and not living common law
|
135
|
Neighbourhood Construction Date
1961 to 1980
|
150
|
1981 to 1990
|
10
|
1960 or before
|
10
|