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Price Change$839,999

1 Vera Court

Corman, Hamilton

$799,900

Detached|Backsplit 4
3 | 2 | 6
About this home

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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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBacksplit 4
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,135
Lot Size55 ft x 105 ft
mls© NumberX13213898
Listed ByNEW 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.

Down payment20% · $159,980
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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