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$799K · 3 bed Detached · 560 - Rolling Meadows, Thorold | MyPropertyScout

$799,000

240 Velvet Way

33TenantOccupied

Map

$799,000

D●●●○○DOM45days

240 Velvet Way

Thorold · Ontario L2V 0N9

MLS® X13110038 · 560 - Rolling Meadows · L2V 0N9

33TenantOccupied1500-2000 ft²Detached1-car Attached45d$457/ft²Lot 40.6 x 80 ft< .50 ac$5,419 tax/yrBuilt 20233 yrs old

9% above market · 45 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Awesome Location, Brand New Corner Detached Home In The City Of Thorold. The Home Boasts 3 Bedrooms And 2.5 Washrooms. Each Of The 3 Spacious Bedrooms Offers A Private Retreat For Everyone In The Household. The Home Is Well-Planned, Keeping In Mind Peace And Relaxation. The House Showcases An Iron Picket Railing Along With Hardwood Floors. Enjoy The Pleasure And Convenience Of Brand-New Stainless-Steel Appliances With An Ensuite Washer And Dryer. The One-Car Garage, 2-Car Driveway, And Large Unf…

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Property details

MLS#: X13110038
Status: Buy Now
Beds: 3
Baths: 3 full, 0 half
Size: 1500-2000
Style: 2-Storey
Type: Detached
Year built: —

Roof: Asphalt Shingle
Foundation: Brick, Concrete
Property features: Clear View, Hospital, School, Campground, Greenbelt/Conservation

Fireplace features: Electric

View: Clear

Garage: 1-car Attached
Garage spaces: 1
Parking: 2 total
Lot: 40.55 × 80.01
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Pool: No
Waterfront: No
Exterior: Brick, Vinyl Siding · Privacy, Year Round Living, Porch, Porch Enclosed
Fronting on: East
Cross street: Barker Parkway/Velvet Way
Basement: Unfinished
Stories: —
Utilities: —
Laundry: —
Interior: Water Heater
Parking features: Private

Rooms

Level	Room	Dimensions
Main	Kitchen	—
Main	Living Room	—
Main	Dining Room	—
Second	Primary Bedroom	—
Second	Bedroom 2	—
Second	Bedroom 3	—
Basement	Other	—

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: ROYAL LEPAGE SIGNATURE REALTY

Source: TRREB/PROPTX · MLS® X13110038

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$799K

240 Velvet Way · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $799,000✓ $5,419 tax✓ Gas✓ 1500-2000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,122/mo

incl. closing costs (yr 1)

Annual total

$73,468

year 1

Mortgage only

$3,031/mo

principal + interest

Beyond mortgage

$1,595/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$159,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$452/mo

Utilities

Hydro / electricity$123/mo

≈ $0.07/ft² × ~1,750 ft² · ON avg ~$123/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%$7,990/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$12,455

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)50% $36,374/yr

Property taxes24% $17,874/yr

Utilities6% $4,530/yr

Insurance & security2% $1,600/yr

Maintenance11% $7,990/yr

Closing costs7% $5,100/yr

Mortgage is 50% of your true cost of ownership. The other 50% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$36,374	$3,031/mo
Government & taxes
Property tax	$5,419	$452/mo
Land transfer tax(closing)	$12,455	$1,038/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,470	$123/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$7,990	$666/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	$73,468	$6,122/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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240 Velvet Way

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs