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434 MAIN STREET W, Melancthon — listed at $929,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Here is an ideal Investment Opportunity In One Of The Fastest Growing Communities In Ontario. Just at the outskirt of town, a bungalow with in 3.43 acre of land. Main floor 3 bed 1 full bath. Lower level is a full in law suit with a Kitchen and 3 bedrooms. Situated On A Paved Road & Services Available At Street Level. New Homes Being Developed as well as commercial properties nearby. There is a lot of potential. (id:60164)
Is 434 MAIN STREET W a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
What's the parking situation?+
This property includes 7 spaces — Detached Garage, Garage.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Melancthon before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,503, heating is baseboard heaters, forced air, electric. Always verify the latest figures with your agent before making an offer — these change yearly.
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