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Listed 3 months ago

100 West 3rd Street

Bonnington, Hamilton

$845,000

Detached|Bungalow
5 | 3 | 6
About this home

Prime investment opportunity just steps from Mohawk College, offering rental income potential exceeding $86,000 annually! This recently renovated property delivers exceptional versatility, making it ideal for student housing or multi-family use. Thoughtfully updated main and basement levels provide a well-maintained, low-maintenance investment with strong future cash flow potential. The spacious main floor features 5 generous bedrooms, along with one 3-piece washroom and one 2-piece washroom, designed for comfortable shared living. The fully finished basement includes 4 additional bedrooms, a full kitchen, one 3-piece washroom, and a separate entrance, allowing for flexible and optimized rental configurations. The property benefits from consistently strong demand due to its prime, high-traffic location. Additional highlights include a large double-car garage with excellent attic storage, ample parking, and an easy-care exterior. Located in a sought-after area close to schools, transit, shopping, and amenities, this is a turnkey income property with outstanding long-term value and upside potential.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,166
Lot Size43 ft x 102.75 ft
mls© NumberX13207988
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%
$4,325
Property tax
$430
Heat allowance
$150
Housing costs
$4,906 / mo

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

Down payment20% · $169,000
25-yr amortization

Income needed

$151,000

gross annual household income

Payment at 4%
$3,556 / mo
Cash down
$169,000

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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