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Listed 1 month ago

467 Limeridge Road W

Gilbert, Hamilton

$674,900

Semi-Detached |Bungalow
4 | 4 | 2
About this home

A fantastic opportunity for investors or end-users seeking a property with exceptional income potential. This spacious 4+1+1 bedroom semi-detached bungalow is located in the highly desirable Gilbert neighbourhood.The main floor offers four generously sized bedrooms, two full washrooms, a bright and functional kitchen, and the convenience of a private laundry area.The lower level features a self-contained 1-bedroom basement apartment with a separate entrance and its own laundry, making it an excellent option for rental income or extended family living. Adding even more value, the property also includes a separate studio apartment complete with its own washroom and kitchenette, creating an additional income-generating opportunity. Whether you're looking to live in the home while offsetting your mortgage or expand your investment portfolio, this versatile property offers outstanding flexibility and strong income potential.

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agent
Angela Montano
(647) 283-2643
TypeSemi-Detached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,282
Lot Size35.9 ft x 100 ft
mls© NumberX13528086
Listed ByNEW AGE REAL ESTATE GROUP 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%
$3,454
Property tax
$357
Heat allowance
$150
Housing costs
$3,961 / mo

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

Down payment20% · $134,980
25-yr amortization

Income needed

$122,000

gross annual household income

Payment at 4%
$2,840 / mo
Cash down
$134,980

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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