+7 photos
$999,000
561 King Street, Niagara-on-the-Lake, ON L0S 1J0, Niagara-on-the-Lake, ON
Niagara-on-the-Lake, ON L0S 1J0
2 beds 3 baths Detached
About this home
This ideally situated back-split is located on a corner lot in Old Town Niagara-on-the-Lake, a short stroll to iconic Queen Street, local shops and amenities. With a newly updated principal ensuite featuring a soaker tub and premium fixtures, and 2 generous bedrooms up, and an additional guest bath this home suits many family configurations. The lower level offers a family room with fireplace, and a seperate entrance to the rear yard. An additional 4 piece bathroom completes the functionality, and rear facing windows make the space bright and full of opportunity. A single car garage, mature trees and an expansive deck make this centrally located home a perfect candidate for your next transition.
Property Score
51/ 100
Overall Property Score
fair
A blend of both buyer and investor metrics.
Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
50/100fair
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
72% of city avggreat
Priced below Niagara-on-the-Lake's average of $1,395,000.
Appreciation Trend
+1.2%/yrgood
Niagara-on-the-Lake has seen +1.2% YoY price change.
Monthly Cash Flow
-$3,599/mopoor
Estimated -$3,599/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
1.29%poor
Net operating income divided by purchase price.
Basement Suite Potential
Buildablegreat
Strong potential for a legal basement suite - could add ~$1,980/mo.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13042270
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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