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Homeside, Hamilton
$599,900
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.
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $3,144 |
| Lot Size | 35 ft x 97 ft |
| mls© Number | X13076842 |
| Listed By | LEAF 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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