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Price Change$689,000

659 Upper Wellington Street E

Centremount, Hamilton

$669,000

Detached|Bungalow
3 | 2 | 0
About this home

Welcome to a rare opportunity to own a versatile, income-generating property in one of Hamilton Mountain's most convenient and rapidly growing communities. Whether you are a first-time home buyer looking to offset your mortgage, an investor seeking strong rental potential, or a family looking for space, flexibility, and location, this home delivers on every level. This is more than just a property-it's a smart investment in your future. Ideally situated in a highly accessible area, this home offers unmatched convenience for everyday living. Families will appreciate being close to a wide selection of reputable schools, while post-secondary access is exceptional with Mohawk College just a short drive away, making it ideal for student rental potential or long-term family planning. Commuters will love the quick access to major transportation routes, including just minutes to the Lincoln M. Alexander Parkway (LINC) and Red Hill Valley Parkway, allowing for seamless travel across the city and easy connections to Highway 403 and beyond. Essential services are all nearby, including Hamilton General Hospital, Juravinski Hospital, walk-in clinics, and medical centres, providing peace of mind for families and tenants alike. Convenience continues with excellent public transit access, making it easy to travel throughout Hamilton without the need for a vehicle. Daily essentials, shopping, restaurants, and services are all within close reach. For lifestyle and recreation, residents can enjoy a variety of nearby parks, green spaces, and walking trails, offering a perfect balance between urban convenience and outdoor living.

Extras

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age31-50
Size700-1100 sq. ft.
Property Tax$4,968
Lot Size30 ft x 104.15 ft
mls© NumberX13515254
Listed ByRE/MAX REAL ESTATE CENTRE 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%
$3,424
Property tax
$414
Heat allowance
$150
Housing costs
$3,988 / mo

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

Down payment20% · $133,800
25-yr amortization

Income needed

$123,000

gross annual household income

Payment at 4%
$2,815 / mo
Cash down
$133,800

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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