Incredible Value: 3-Bedroom Brick Home with a Massive Lot in Stoney Creek!
Main Highlights:
- Listed Price: $ 755,000
- Ideal for investors, builders, and first-time home buyers
- Large lot size: 64.1 x 166.34 ft in Stoney Creek
- Surrounded by newly built and renovated homes
- Brick home with a concrete driveway
- 3 bedrooms, 4 baths, and a separate side entrance to the basement
- Spacious backyard with great potential
- Move-in ready with opportunities for customization
Key Facts:
- Annual Tax: $4, 326 / 2023
- Property Type: Detached, Single Family Residence, Bungalow
- Year Built:1958
- Size:1153 feet²
- Lot Dimensions: 64 x 166 feet
- Parking: 0 garages, total 5 parking
- Basement: Partially Finished, Separate Entrance
Our Take – Why do we think this is a good deal?
This property is a great deal because it offers a lot in a desirable area with newly built and renovated homes, a spacious backyard, and a partially finished basement with a separate entrance with the potential for customization.
The home is move-in ready, and its affordable annual tax and size make it an attractive investment for first-time buyers, investors, or builders.
Numbers are given below –
How much it will cost you to buy this property?
If you plan to buy this property and lock the deal below 3% of the current listing price, you will need about $156k to cover all closing costs. Below is a detailed cost breakdown:
| Buying Price | 735,400 |
| Down Payment (20%) | 147,080 |
| Closing fees (Approx.) | 9,019 |
| Total Funds required at closing | 156,099 |
How much will it cost you monthly to hold this property?
If the mortgage interest rate is approximately 5% and the amortization period spans 25 years, your monthly mortgage payment would be around $ 3,800 to maintain ownership of this property. Here’s a detailed breakdown:
| Mortgage Payment | 3,439 |
| Property Taxes (Approx.) | 361 |
| Condo fee | 0 |
| Total monthly cost | 3,800 |
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