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Listed 2 months ago

880 LAWRENCE Road

Rosedale, Hamilton

$509,000

Detached|Bungalow
2 | 2 | 5
About this home

Welcome to 880 Lawrence Rd - a charming detached bungalow nestled in Rosedale neighbourhood of Hamilton, where this home blends main floor comfort with fantastic income potential in a freshly painted, move in ready package. Step inside this Two Kitchen and Two full Bathroom home set up with Full In-law potential, with a layout that flows from a welcoming main floor living area to a large kitchen - ideal for everyday family life. The standout feature awaits downstairs: a fully finished basement in-law suite featuring its own 1 bedroom, 1 bathroom, full kitchen, separate entrance, and dedicated laundry facilities, providing privacy and independence for extended family, or multi-generational living rental unit with strong income opportunities. Enjoy the convenience of a detached setup, storage, and easy backyard access for summer BBQs or outdoor relaxation, all enhanced by the fresh neutral paint throughout that gives the entire home an inviting feel. Nestled in the welcoming Rosedale community - bounded by the Escarpment, Lawrence Road, Red Hill Expressway, and Kenilworth - this prime location puts you minutes from everything, including the beautiful Gage Park, one of Hamilton's largest and most cherished green spaces with lush gardens, playgrounds, tennis courts, walking trails, a tropical greenhouse, spray pad, bandshell, and seasonal events perfect for families. Don't miss out on this property!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,854
Lot Size50 ft x 100 ft
mls© NumberX13481826
Listed ByReal Broker Ontario Ltd.

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%
$2,605
Property tax
$404
Heat allowance
$150
Housing costs
$3,160 / mo

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

Down payment20% · $101,800
25-yr amortization

Income needed

$97,000

gross annual household income

Payment at 4%
$2,142 / mo
Cash down
$101,800

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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