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Listed 2 months ago

689 Burgess Avenue

Parkview, Hamilton

$499,000

Detached|Bungalow
4 | 1 | 2
About this home

LOOKING FOR A PROJECT? ... Situated in East Hamilton, 689 Burgess Avenue offers an opportunity for renovators, investors, contractors, or buyers ready to roll up their sleeves and transform a property into something special. This 1,204 sq ft brick bungalow provides a solid starting point with a functional layout, generous living space, and plenty of potential for those with vision and creativity. The main level features a living room, kitchen, dining room, 4 bedrooms, and a 3-piece bathroom. A separate side entrance leads to the full basement, which includes laundry, an extra bedroom, storage space, and a rough-in for a future bathroom. The property also features solar panels with a solar inverter, single driveway with parking for 2 vehicles, and a fenced back yard. Located close to public transit, parks, schools, shopping, and with easy highway access, this property combines a convenient location with endless possibilities. Bring your ideas and creativity to unlock the potential of this home. CLICK ON MULTIMEDIA for more.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,908
Lot Size41.67 ft x 112 ft
mls© NumberX13487816
Listed ByRE/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%
$2,554
Property tax
$326
Heat allowance
$150
Housing costs
$3,030 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$93,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

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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