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Listed 2 months ago

524 East 16th Street

Hill Park, Hamilton

$702,900

Detached|Bungalow
3 | 2 | 3
About this home

Welcome to this beautifully maintained 3+1 bedroom bungalow in the desirable Hill Park neighbourhood on Hamilton Mountain. Situated on a generous 50' x 100' lot, this home offers a bright and functional layout with hardwood floors, granite countertops, and plenty of natural light throughout. The finished walk-out basement features a separate entrance, second kitchen, and additional bedroom, making it ideal for extended family living, an in-law suite, or potential income opportunities. Conveniently located close to schools, parks, shopping, transit, Mohawk College, hospitals, and major highways. A fantastic opportunity for families, investors, or anyone seeking a versatile home in a prime location. Flexible closing available.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,923
Lot Size100 ft x 50 ft
mls© NumberX13458548
Listed ByRE/MAX REAL ESTATE CENTRE 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%
$3,598
Property tax
$494
Heat allowance
$150
Housing costs
$4,241 / mo

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

Down payment20% · $140,580
25-yr amortization

Income needed

$131,000

gross annual household income

Payment at 4%
$2,958 / mo
Cash down
$140,580

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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