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Listed 2 months ago

225 Prospect Street S

St. Clair, Hamilton

$719,900

Detached|2 1/2 Storey
3 | 2 | 3
About this home

Exceptionally tall basement, open concept main floor & parking for up to 3! Welcome to 225 Prospect St S in St. Clair! Located just minutes to Gage Park, this charming 2.5-storey detached home blends modern updates with incredible potential for a growing family. The main floor features hardwood flooring, electric fireplace & a spacious dining room w/ custom feature wall of cabinetry - ideal for family dinners and entertaining. The open-concept kitchen makes life easy with a sink overlooking the backyard and seamless access to the back deck for summer BBQs. Upstairs, the second level boasts a 17-ft primary bedroom and a spacious second bedroom, both featuring double closets. A smart conversion created a dream upper-level laundry room and a luxurious, structurally reinforced 4-piece bathroom (2019) complete with heated marble floors and ample built-in storage. The third-floor offers a third bedroom and a bright flex space. It's the perfect family hang out room, playroom or home office. Need more space? The unfinished basement boasts a rare 8'5" ceiling height, a separate side entrance, and a fully completed, modern 3-piece bathroom with heated floors. Whether you're considering income-options or simply expanding your living space, this basement offers huge potential. Outside, enjoy a fully fenced, family-friendly yard with an upper deck, lower patio, and mature gardens. The detached garage with laneway is currently used as storage, but with a little work for a new garage door, you've got yourself a secured 3rd parking space in addition to the 2 on the front double wide drive. Located within minutes walking distance to Gage Park, the 74-acre muti-use park featuring extensive rose gardens, tropical greenhouses, playground, splash pad, bandshell, tennis courts, lawn bowling, baseball diamonds, and Children's Museum. If restaurants and shopping is more your vibe, you've got what you need on nearby Ottawa St. 225 Prospect St S is the perfect home to plant your roots!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,357
Lot Size26 ft x 100 ft
mls© NumberX13491484
Listed ByKELLER WILLIAMS EDGE REALTY

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%
$3,685
Property tax
$363
Heat allowance
$150
Housing costs
$4,198 / mo

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

Down payment20% · $143,980
25-yr amortization

Income needed

$129,000

gross annual household income

Payment at 4%
$3,029 / mo
Cash down
$143,980

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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