$1.40M · 11+3 bed Detached · 223 - Chippawa, Niagara Falls

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About this home

Exceptional Multi-Use Property Offering Unlimited Potential in a PrimeLocation Just Minutes From Niagara Falls! Zoned TC, This Unique Property Is Ideal for a Variety of Uses Including Bed & Breakfast, Airbnb, Daycare,Multi-Generational Living, Long-Term Rental Investment, Live/Work Opportunity,and Much More. Situated in a Quiet and Desirable Neighborhood, This Spacious Property Features a Flexible Layout With Multiple Living Quarters and Income Possibilities. The Main Floor Offers 4 Spacious Bed…

Property details

MLS#

X13107272

Status

Buy Now

Beds

11+3

Baths

9 full, 0 half

Size

3000-3500

Style

2-Storey

Type

Detached

Year built

—

Roof: Asphalt Shingle
Foundation: Poured Concrete
Property features: Greenbelt/Conservation, Public Transit, Wooded/Treed

Garage: None
Garage spaces: 0
Parking: 6 total
Lot: 79.33 × 100.55
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick
Fronting on: East
Cross street: QEW/Mcleod/ Portage/ Norton
Basement: Apartment, Separate Entrance, Full, Walk-Up, Finished
Stories: —
Utilities: —
Laundry: —
Interior: Accessory Apartment, Carpet Free, Guest Accommodations, In-Law Suite, Other
Parking features: Private

Rooms

Level	Room	Dimensions
Ground	Kitchen	2.74m × 2.13m
Ground	Dining Room	5.18m × 3.05m
Main	Bedroom	5.18m × 3.05m
Main	Bedroom	5.18m × 3.05m
Main	Bedroom	5.18m × 3.05m
Main	Bedroom	5.18m × 3.35m
Second	Living Room	4.57m × 4.57m
Second	Primary Bedroom	2.74m × 3.05m
Second	Bedroom	2.74m × 3.05m
Second	Bedroom	2.74m × 3.05m
Second	Bedroom	2.74m × 3.05m
Basement	Bedroom	2.74m × 3.05m
Basement	Bedroom	2.74m × 5.79m
Basement	Bedroom	2.74m × 3.05m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,399,000✓ $9,645 tax✓ Gas✓ 3000-3500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$10,356/mo

incl. closing costs (yr 1)

Annual total

$124,268

year 1

Mortgage only

$5,307/mo

principal + interest

Beyond mortgage

$2,552/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$279,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$804/mo

Utilities

Hydro / electricity$228/mo

≈ $0.07/ft² × ~3,250 ft² · ON avg ~$228/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$13,990/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$24,455

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)51% $63,688/yr

Property taxes27% $34,100/yr

Utilities5% $5,790/yr

Insurance & security1% $1,600/yr

Maintenance11% $13,990/yr

Closing costs4% $5,100/yr

Mortgage is 51% of your true cost of ownership. The other 49% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$63,688	$5,307/mo
Government & taxes
Property tax	$9,645	$804/mo
Land transfer tax(closing)	$24,455	$2,038/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$2,730	$228/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$13,990	$1,166/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$124,268	$10,356/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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8006 Norton Street

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Property details

Rooms

Sales History

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Annual costs