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Listed 1 month ago

646 West 5th Street

Rolston, Hamilton

$1,199,000

Detached|Bungalow
6 | 4 | 6
About this home

Exceptional 2020 Custom-Built East-Facing Bungalow offering nearly 2,000 sq. ft. of premium living space in Hamilton's highly sought-after West Mountain community. Featuring 9-ft ceilings on both the main and basement levels, premium finishes, custom closets, and pot lights throughout the interior and exterior, this home is designed for modern living.The main floor offers 3 spacious bedrooms, 2 full bathrooms, and a huge gourmet kitchen with ample cabinetry, generous counter space, and a large island. All appliances were updated in 2024, except the main kitchen stove. The legal 2-bedroom basement apartment, providing immediate rental income, while an additional 1-bedroom, 1-bathroom separate section offers excellent flexibility for extended family or future income potential.Conveniently located near Mohawk College, St. Joseph's Healthcare, schools, parks, shopping, and public transit, with easy access to Highway 403 and Lincoln M. Alexander Parkway, this turnkey property is a rare opportunity for both homeowners and investors.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$8,689
Lot Size50 ft x 128.99 ft
mls© NumberX13538896
Listed ByTEAM PANAG REAL ESTATE 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%
$6,137
Property tax
$724
Heat allowance
$150
Housing costs
$7,011 / mo

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

Down payment20% · $239,800
25-yr amortization

Income needed

$216,000

gross annual household income

Payment at 4%
$5,046 / mo
Cash down
$239,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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