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Listed 2 months ago

275 West 2nd Street

Bonnington, Hamilton

$629,000

Detached|Bungalow
3 | 2 | 3
About this home

Welcome to 275 West 2nd, a deceptively spacious bungalow offering the flexibility today's buyers are looking for. Whether you're searching for a family home with room to grow or an investment with future possibilities, this property delivers.Featuring 3+3 bedrooms and 2 full bathrooms, there's plenty of space for a growing family, multi-generational living, or a home office setup. A separate side entrance provides the opportunity to create self-contained units, subject to obtaining the required permits and zoning approvals. Situated on a generous corner lot, the spacious backyard also offers room for future expansion, subject to applicable permits and approvals, adding even more appeal for investors or those looking to offset their mortgage.Location is another standout. Just a short walk to Mohawk College, Walmart, coffee shops, restaurants, and everyday conveniences, with easy access to public transit, the LINC, and Mountain access, everything you need is within easy reach.Whether you're looking to move in, invest, or plan for the future, this home offers the space, flexibility, and location to make it happen.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,540
Lot Size55 ft x 105.75 ft
mls© NumberX13488198
Listed ByROCK STAR REAL ESTATE 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%
$3,220
Property tax
$378
Heat allowance
$150
Housing costs
$3,748 / mo

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

Down payment20% · $125,800
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,647 / mo
Cash down
$125,800

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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