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Listed 2 months ago

24 - 36 Margaret Street

Strathcona, Hamilton

$525,000

Condo Apartment |
1 | 1 | 1 | 1
About this home

Beautiful New York style loft is just steps away from Hamilton's trendy Locke Street with a variety of restaurants and shops. Over 1100 sq ft with soaring ceiling, huge warehouse style windows, immaculate natural finish hardwood flooring, exposed brick and wood beams. The open concept living/dining grant you complete creative control to layout your space to match your lifestyle. Complete with a gas fireplace. Great space for entertaining! Large Master Bedroom with loads of closet space. Ensuite Laundry. Common patio area. Beautifully maintained property! Easy mountain access and close to both McMaster University and St. Joe's hospital. Just up the street from Victoria Park - known for its lush grassy areas, community basketball, tennis and squash courts. Quick highway access and LRT line on King street. This home shows amazing and offers the perfect urban lifestyle!

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Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$759
LockerExclusive
BalconyNone
ExposureNorth West
Parking TypeNone
Parking Spaces1
Parking FeaturesSurface
Property Tax$4,500
mls© NumberX13507672
Listed BySUTTON GROUP INCENTIVE REALTY INC.
Building Insurance Included
Common Elements Included
Parking Included
Water Included

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%
$2,687
Property tax
$375
Heat allowance
$150
Condo fees, half counted
$380
Housing costs
$3,592 / mo

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

Down payment20% · $105,000
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,209 / mo
Cash down
$105,000

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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