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Price Change$1

1127 & 1135 OLD MOHAWK Road

Ancaster, Hamilton

$8,790,000

Detached|2-Storey
5 | 4 | 13
About this home

THIS EXCEPTIONAL PROPERTY IS SITUATED IN ONE OF ANCASTER'S MOST PRESTIGIOUS AND HIGHLY SOUGHT-AFTER NEIGHEOUBROODS, OFFERING A RARE COMBINATION OF PRIVACY, NATURAL SURROUNDINGS. AND SIGNIFICANT FUTURE POTENTIAL. COMPRISING TWO MERGED PARCELS TOTALING APPROXIMATELY 10 ACRES, TEE PROPERTY PRESENTS A UNIQUE OPPORTUNITY FOR POTENTIAL DEVELOPMENT, WITH SOME PRELIMINARY STUDIES ALREADY COMPLETED. THE SETTING IS TRULY REMARKABLE, SURROUNDED BY CONSERVATION LANDS AND DISTINGUISHED BY 4 NEIGHBOURING MULTI -MILLION DOLLAR ESTATES. ENHANCING BOTH ITS EXCLUSIVITY AND LONG-TERM VALUE. CURRENTLY, THE PROPERTY FEATURES TWO RESIDENCES, INCLUDING A PRIMARY HOME OF APPROXIMATELY 5, 000 SQUARE FEET, AS WELL AS L SECONDARY DWELLING PROVIDING ADDITIONAL INCOME POTENTIAL. THIS IS AN OUTSTANDING OPPORTUNITY FOR INVESTORS AND DEVELOPERS SEEKING PRIME LANDHOLDING IN A PREMIER LOCATION WITH FUTURE GROWTH PROSPECTS.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size5000 + sq. ft.
Property Tax$28,663
Lot Size385.53 ft x 985.56 ft
mls© NumberX12971146
Listed ByHomeLife Professionals Realty Inc

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%
$44,991
Property tax
$2,389
Heat allowance
$150
Housing costs
$47,530 / mo

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

Down payment20% · $1,758,000
25-yr amortization

Income needed

$1,462,000

gross annual household income

Payment at 4%
$36,990 / mo
Cash down
$1,758,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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