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Listed 2 months ago

242 Bowman Street

Ainslie Wood, Hamilton

$720,000

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

Two Kitchens, Two Laundries And Too Many Updates To Name! A Single Family Home With Sep. Suite In The Bsmt, This Home Has Been Well Maintained. Huge Bright Master On The 2nd Fl. 2nd Kit, Laundry Rm, And Combined Bed/Sit Are Ready To Go In Basement . Walk To Mcmaster University, Hospital, Restaurants, Shopping, Rail Trail To Grey Bruce Trail. 5-Minute Drive To The 403.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,584
Lot Size30 ft x 140 ft
mls© NumberX13448054
Listed ByHOMELIFE LANDMARK 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%
$3,685
Property tax
$465
Heat allowance
$150
Housing costs
$4,301 / mo

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

Down payment20% · $144,000
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$3,030 / mo
Cash down
$144,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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