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Listed 3 months ago

198 Dundurn Street

Kirkendall, Hamilton

$1,000,000

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

Welcome to 198 Dundurn Street South, a beautifully updated investment opportunity offering two self-contained residential units in one of Hamilton's most desirable and walkable neighbourhoods. Legally configured as a single-family dwelling with an in-law suite, this property provides excellent flexibility for investors, multi-generational living, owner-occupants seeking supplemental income, or those looking to live and work from home. The lower level is particularly well suited for a home-based business or professional workspace, with C6 zoning permitting a broad range of commercial, retail, office, and service. Extensively renovated throughout, the property features separate entrances, separate hydro meters, separate heating systems, individual hot water tanks, and in-suite laundry for both units. The upper unit showcases soaring vaulted ceilings, an open-concept layout, a stylish kitchen with quartz countertops and island, electric fireplace, floating staircase, private balcony, and a spacious bedroom retreat. The lower unit offers an inviting open-concept design with exposed brick accents, updated kitchen, private patio, full basement with laundry and storage, and excellent flexibility for residential or business use. Major capital improvements include new shingles, new windows, new furnaces, new central air conditioning systems, updated insulation, waterproofing, backflow valve installation, and upgraded storm and sanitary sewer systems. Ideally located steps to shops, restaurants, parks, schools, transit, and downtown Hamilton amenities, this turnkey property presents a rare opportunity to own a fully updated income-generating property with exceptional live/work potential in a prime location.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,140
Lot Size30 ft x 100 ft
mls© NumberX13230338
Listed ByRE/MAX ESCARPMENT GOLFI REALTY INC.

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%
$5,118
Property tax
$512
Heat allowance
$150
Housing costs
$5,780 / mo

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

Down payment20% · $200,000
25-yr amortization

Income needed

$178,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$200,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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