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Listed 3 months ago

463 Wellington Street N

North End, Hamilton

$349,990

Detached|1 1/2 Storey
2 | 1 | 1
About this home

Attention investors and renovators! This detached home offers incredible potential in the heart of a rapidly developing neighborhood near the Bay Marina waterfront area. Conveniently located close to the GO Train, dining, and shopping district, as well as the General Hospital, with shopping, schools, parks, and everyday amenities all within walking distance.A rare opportunity to invest, renovate, rebuild, or redevelop in one of Hamilton's most promising and vibrant communities. Offering an opportunity to rebuild and this property invites creative vision and future growth. Ideally situated just steps from Pier 8 Marina, the lively James North arts and dining district, and a variety of local amenities, this location perfectly blends lifestyle and investment potential. The nearby West Harbour GO Station provides exceptional convenience for commuters.Families will appreciate the close proximity to parks, recreation centres, and schools. The existing home is currently tenanted on a month-to-month basis and requires significant renovation or a complete rebuild. Vacant possession may be available if desired.An excellent opportunity for personal use or investment in an up-and-coming area- this property won't last long!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,488
Lot Size25.5 ft x 90.16 ft
mls© NumberX13102214
Listed ByHOMELIFE/MIRACLE 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%
$1,791
Property tax
$291
Heat allowance
$150
Housing costs
$2,232 / mo

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

Down payment20% · $69,998
25-yr amortization

Income needed

$69,000

gross annual household income

Payment at 4%
$1,473 / mo
Cash down
$69,998

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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