17 Thorndale Street N
Ainslie Wood, Hamilton
$849,900
ANTASTIC Investment opportunity in prime Westdale location! Offering a LICENSED Student rental house. This well-maintained residence sits on an almost 50' x 100' lot plus 4 car parking. functional layout with 7 Bedrooms, 2 Kitchens, 2 1/2 Bathrooms. All rooms are rented until August 2027 so start cash flowing today with this great opportunity in this sought after Westdale neighbourhood, preferred by students due to its walkability to McMaster and all amenities including publc transit.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $7,052 |
| Lot Size | 49.5 ft x 100 ft |
| mls© Number | X13442372 |
| Listed By | RE/MAX ESCARPMENT 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%
- $4,350
- Property tax
- $588
- Heat allowance
- $150
- Housing costs
- $5,088 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$157,000
gross annual household income
- Payment at 4%
- $3,577 / mo
- Cash down
- $169,980
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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