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Listed 1 month ago

722 Burgess Avenue

Parkview, Hamilton

$489,900

Detached|Bungalow
2 | 1 | 3
About this home

Hamilton East $489,900.00!! Very Clean and well maintained 2 bedroom-1 bath "Starter/Retirement" bungalow on a 41.6' x 108.6' manicured and fenced lot with private drive and mature landscaping. Great curb appeal and located close to schools, parks, shopping, public transit & fast access to major highways, the LINC & The Redhill Expressway. Easy to show and immediate possession is available.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,130
Lot Size41.76 ft x 108.82 ft
mls© NumberX13531038
Listed ByRoyal LePage State Realty, Brokerage

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%
$2,508
Property tax
$261
Heat allowance
$150
Housing costs
$2,918 / mo

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

Down payment20% · $97,980
25-yr amortization

Income needed

$90,000

gross annual household income

Payment at 4%
$2,062 / mo
Cash down
$97,980

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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