1 Welbourn Drive
Balfour, Hamilton
$725,000
Beautiful Legal Duplex or Two Family Dwelling situated in a fabulous area close to parks, shopping, schools and transit. This renovated and well-maintained home is an amazing opportunity for a family with in-laws, savvy homeowner looking to off-set their mortgage or perfect for investor looking for turnkey rental property. Be amazed with open concept layout and new vinyl flooring throughout. Two separately contained units with ensuite laundry, extended driveway for 3 cars, beautiful oversized deck. Fully vacant to set your own rents with potential income of $4,300/month plus utilities. Projected Rents as follows Main floor $2450, Lower/Basement $1850. Financials available.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,820 |
| Lot Size | 40 ft x 117 ft |
| mls© Number | X13078546 |
| Listed By | RIGHT AT HOME REALTY |
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%
- $3,711
- Property tax
- $402
- Heat allowance
- $150
- Housing costs
- $4,263 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$131,000
gross annual household income
- Payment at 4%
- $3,051 / mo
- Cash down
- $145,000
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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