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Listed 3 months ago

3 Oakwood Place

Westdale, Hamilton

$1,500,000

Detached|2 1/2 Storey
6 | 4 | 3
About this home

Welcome To 3 Oakwood - A Rare Opportunity To Own An Exceptional Residence On A Spectacular Ravine Lot Pies Out To An Impressive 95.19 Ft At The Rear, Offering Exceptional Privacy, Space, And Beautiful Natural Surroundings. Facing Oakwood Place Park, This Unique Property Enjoys A Rare Combination Of Green Space At The Front And Ravine Setting At The Rear. Beautifully Appointed With Spacious Principal Rooms, Functional Living Areas, And Large Windows Bringing In Abundant Natural Light. The Kitchen Opens To Inviting Family Spaces Ideal For Everyday Living And Entertaining. Well-Proportioned Bedrooms And Flexible Additional Living Areas Offer Endless Possibilities. Outstanding Opportunity For End Users, Investors, Or Builders With Potential For Future Development Or Zoning Changes, Subject To Buyer Verification And Approval By Applicable Authorities. Ideally Located Steps To McMaster University, Transit, Shopping, Restaurants, And Everyday Amenities. Rare Offering Combining Lifestyle, Location, Lot Size, And Future Potential.

Extras

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Got questions?

Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$13,400
Lot Size47 ft x 178 ft
mls© NumberX13173756
Listed ByROYAL LEPAGE REAL ESTATE SERVICES NANCY SAEDI

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%
$7,678
Property tax
$1,117
Heat allowance
$150
Housing costs
$8,944 / mo

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

Down payment20% · $300,000
25-yr amortization

Income needed

$275,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$300,000

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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