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Listed 1 month ago

867-855 JERSEYVILLE Road W

Rural Ancaster, Hamilton

$1,999,777

Detached|2-Storey
4 | 4 | 16
About this home

Attention investors, developers, families looking for their dream home, rare income and development opportunity in Ancaster, two properties combined into one.! Set on approximately in 5 acres in the prestigious Sulphur Springs community, this versatile property features two lots combined, with 2 detached homes, three self-contained units, and multiple income streams, offering exceptional cash flow and long-term investment potential. Zoned Rural (A2), it permits a wide range of uses, including agricultural operations, agritourism, home industry, kennel facilities, processing operations, specialty farming, and potential for a Cannabis Growing and Harvesting Facility with up to 2,000 sq. ft. of new construction, subject to approvals. The main residence offers over 3,500 sq. ft. with seven bedrooms, four bathrooms, and separate entrances, while the second detached home features three bedrooms and one bathroom, creating excellent rental or multi-generational living opportunities. A 60' x 40' workshop/garage adds valuable space for business, storage, or future uses. Just minutes from Highway 403, Ancaster Village, top-rated schools, and conservation trails, this is a rare opportunity to secure a flexible, income-producing property in one of Ancaster's most desirable communities.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$12,950
Lot Size309 ft x 627 ft
mls© NumberX13559428
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%
$10,236
Property tax
$1,079
Heat allowance
$150
Housing costs
$11,465 / mo

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

Down payment20% · $399,955
25-yr amortization

Income needed

$353,000

gross annual household income

Payment at 4%
$8,415 / mo
Cash down
$399,955

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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