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Price Change$425,000

116 Barons Avenue N

Homeside, Hamilton

$415,000

Detached|Bungalow
2 | 2 | 0
About this home

Attention first-time home buyers and investors! This beautifully duplex offers a fantastic opportunity to build equity while enjoying the benefits of homeownership. Live in one unit and rent out the other to offset your mortgage, or add this strong cash-flowing property to your investment portfolio with an income potential of $3,000+ per month. the home features a duplex layout with a separate entrance, and a spacious backyard perfect for relaxing or entertaining. Ideally located in a welcoming neighborhood close to parks, transit, and everyday amenities, you'll enjoy walkable access to groceries, coffee shops, and a nearby gym. Additional updates and making this a move-in-ready opportunity with excellent income potential.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,849
Lot Size25 ft x 92 ft
mls© NumberX13458154
Listed ByCENTURY 21 PROPERTY ZONE REALTY INC.

Listing History

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  • 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%
$2,124
Property tax
$237
Heat allowance
$150
Housing costs
$2,512 / mo

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

Down payment20% · $83,000
25-yr amortization

Income needed

$77,000

gross annual household income

Payment at 4%
$1,746 / mo
Cash down
$83,000

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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