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Corman, Hamilton
$799,900
Fantastic investment opportunity or ideal multi-generational home! This spacious 4-level backsplit is situated on a large corner lot with dual frontages on a quiet cul-de-sac directly across from a park, offering excellent privacy, curb appeal and versatility. Currently configured as two separate income-generating units, this well-maintained property features 4 total bedrooms, 2 full bathrooms and separate laundry for each unit.The main floor/upper unit offers a bright and functional layout with a spacious living room filled with natural light, separate dining room with stylish accent wall and an updated kitchen complete with granite countertops, tiled backsplash and ample cupboard space. Three generous bedrooms and a 4pc bathroom complete the upper levels, making it perfect for families or quality tenants.The lower/basement unit features its own separate entrance and provides excellent additional income potential or private in-law accommodations. This unit includes a cozy family room, spacious bedroom, full 4pc bathroom and an updated kitchen with quartz countertops, tiled backsplash and plenty of storage space.Outside, the property continues to impress with a fully fenced yard ideal for children, pets and entertaining. Rare parking flexibility includes two separate driveways, a 1.5 car detached garage and an additional single car carport, providing ample parking for multiple vehicles or tenants.Located in a highly desirable family-friendly neighbourhood within walking distance to schools, parks and public transit. Conveniently close to highway access, shopping, restaurants and all major amenities. A rare opportunity offering space, functionality and outstanding income potential in a prime location!
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,135 |
| Lot Size | 55 ft x 105 ft |
| mls© Number | X13213898 |
| Listed By | NEW ERA REAL ESTATE |
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%
- $4,094
- Property tax
- $428
- Heat allowance
- $150
- Housing costs
- $4,672 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$144,000
gross annual household income
- Payment at 4%
- $3,366 / mo
- Cash down
- $159,980
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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