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Listed 2 months ago

196 Grant Avenue

Stinson, Hamilton

$1,100,000

Detached|2-Storey
2 | 2 | 3
About this home

Rare Live/Work Opportunity with Incredible Rooftop Terrace! Welcome to one of Hamilton's most unique properties, offering the perfect blend of character, modern updates, and unmatched flexibility. The beautifully updated second-floor residence features two spacious bedrooms, 1.5 bathrooms, a renovated kitchen with granite countertops and a premium Wolf gas range, updated plumbing, a stylish bathroom with custom vanity and walk-in shower, and comfortable, open-concept living spaces designed for everyday living. Step outside to the spectacular private rooftop terrace-a true urban oasis. This expansive outdoor living space is perfect for entertaining family and friends, summer BBQs, relaxing under the stars, or enjoying your morning coffee. Opportunities to own a rooftop patio of this size and privacy are exceptionally rare. The property also features a dedicated office, built-in two-car garage/workshop, updated windows, Carrier central air conditioning, copper wiring, and numerous mechanical updates. Adding even more value is the fully equipped commercial-grade kitchen on the main level, opening the door to countless possibilities for entrepreneurs, caterers, bakers, meal preparation services, specialty food production, or other permitted home-based business uses. The extensive commercial equipment is included, making this an exceptional opportunity for those looking to combine home and business under one roof. Whether you're searching for an extraordinary residence with unmatched outdoor living or the perfect place to operate your business while enjoying the convenience of living upstairs, this one-of-a-kind property delivers a lifestyle that's nearly impossible to duplicate.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$4,400
Lot Size36 ft x 74.08 ft
mls© NumberX13519574
Listed ByM. Marel Real Estate (1983) 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%
$5,630
Property tax
$367
Heat allowance
$150
Housing costs
$6,147 / mo

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

Down payment20% · $220,000
25-yr amortization

Income needed

$189,000

gross annual household income

Payment at 4%
$4,629 / mo
Cash down
$220,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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