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Listed 1 month ago

60 Lake Avenue Drive

Stoney Creek, Hamilton

$795,000

Detached|2-Storey
3 | 2 | 5
About this home

Charming 3-Bed, 2-Bath Stoney Creek Home with In-Law Suite! This bright and open main floor boasts a cozy living room with a fireplace, a kitchen featuring stainless steel appliances, and a spacious dining room with double doors leading to the back deck. Upstairs offers three generously sized bedrooms, a large 4-piece bathroom with laundry, and access to a quaint private balcony. A separate walk-out basement entrance leads to the in-law suite, complete with its own living area, bedroom, kitchen, and washer/dryer. Situated on a large 45 x 239.50 ft lot with a private deck, shed, and a detached garage! This home is close to Battlefield Park, downtown Stoney Creek, parks, shops, great schools, and offers easy highway access.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,098
Lot Size45 ft x 239.5 ft
mls© NumberX13549956
Listed ByRE/MAX ESCARPMENT REALTY 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%
$4,069
Property tax
$425
Heat allowance
$150
Housing costs
$4,644 / mo

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

Down payment20% · $159,000
25-yr amortization

Income needed

$143,000

gross annual household income

Payment at 4%
$3,345 / mo
Cash down
$159,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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