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86 Ranchdale Drive

Thorner, Hamilton

$654,900

Detached|Backsplit 4
2 | 2 | 7
About this home

This spacious and functional 4-level backsplit is located on a beautiful corner lot in the desirable Thorner neighbourhood. Finished on all levels offers over 1700 sq.ft. of exceptional functionality for family living, with an additional 400sq.ft. in the crawlspace for storage. Enjoy an eat-in kitchen with access to the side patio-ideal for morning coffee or evening BBQs. The formal living and dining rooms offer generous space for entertaining, and 3 bedrooms and 2 full bathrooms are perfect for growing families. The bright upper level family room features a gas fireplace and sliding doors leading to a private backyard retreat with an inground concrete pool with a slide and diving board-perfect for summer fun. The basement has a rec room, craft nook/computer area, laundry/utility and storage. Surrounded by established perennial gardens, this home offers incredible curb appeal and outdoor enjoyment. Other highlights include a newer roof (2017) & A/C (2022), 100 amp breakers (copper wiring),attached single car garage with inside and rear yard access and a large 6-car driveway. Close to schools, parks, shopping, transit and the Linc-this is an opportunity to own a solid home in an established, family-focused community. **original hardwood under the carpet in the living/diningroom and upper two bedrooms.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBacksplit 4
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,310
Lot Size58.69 ft x 100 ft
mls© NumberX12681824
Listed ByHomeLife Professionals Realty Inc., Brokerage

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,352
Property tax
$443
Heat allowance
$150
Housing costs
$3,945 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $130,980
25-yr amortization

Income needed

$121,000

gross annual household income

Payment at 4%
$2,756 / mo
Cash down
$130,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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