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Rural Glanbrook, Hamilton
$799,000
Welcome Home To 6540 Twenty Rd E! This Unique Property Has Unlimited Potential For Income Today And Value In The Future! We Have A Solid Raised Bungalow With 2 Kitchens, 3 Bed 1.5 Bath On The Main Floor, 3 Bed 1 Bath Basement With Separate Entrance, 476SF Aux Unit In The Detached Garage With Kitchen, 1 Bed 1 Bath And A Fully Operational Established Licensed Barbershop Currently Leased For $2000/Month. This Beautiful Scenic Property Offers A Convenient Escape From Busy City Life Without Being Far From Highways, Essential Services, Shopping And Recreation. Enjoy The Flexibility This Massive 100' X 176' Lot Offers Without Overwhelming You With Upkeep. The Future Possibilities Are Endless As You Are Surrounded By Numerous Well-Appointed Custom Homes. This Property Has Had Numerous Recent Updates Including Flooring, Lighting, Paint, Roof (2022), Windows, Central Air And Much More, Including A Backup Generator. The Home Is Perfect For An Established Barber Or An Investor Looking For Potentially 4 Income Sources From 1 Perfectly Situated And Ideally Located Property. Close By Is The Burgeoning Hamilton Airport Business Area And Numerous New Commercial And Residential Developments In And Around The Hamilton Mountain Area. The Property Offers Flexible Closing With Either Vacant Possession Or Fully Rented For Your Convenience. Book Your Showing Today To Take Advantage Of This Rare Opportunity. Property Is Being Sold As Is Where Is.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,562 |
| Lot Size | 100 ft x 176 ft |
| mls© Number | X13251512 |
| Listed By | ROYAL STAR 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%
- $4,090
- Property tax
- $380
- Heat allowance
- $150
- Housing costs
- $4,620 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$142,000
gross annual household income
- Payment at 4%
- $3,362 / mo
- Cash down
- $159,800
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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