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Listed 4 months ago

1476 Barton Street E

Homeside, Hamilton

$599,900

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

Detached legal duplex with beautifully landscaped, fully fenced back yard in the Homeside community. Close to public transit, Freshco, Walmart, Hamilton General Hospital, parks and all other amenities. Currently used and taxed as residential, but in Zone C2 Neighbourhood Commercial with potential for live work, office, medical clinic, retail and other commercial uses. Solid building. No basement to be concerned with. Water service upgraded with city permit ($6K cost). Double car single-wide driveway at the side of the building. Two electricity meters. Powered storage shed in the backyard. Carpet free. Two stoves, two fridges, two washers, two dryers, one dishwasher, one microwave, window coverings and electric light fixtures included. Currently fully rented with great positive cash flow.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$3,144
Lot Size35 ft x 97 ft
mls© NumberX13076842
Listed ByLEAF KING REALTY LTD

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%
$3,071
Property tax
$262
Heat allowance
$150
Housing costs
$3,483 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$107,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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