Listed 1 month ago
121 King Street E
Stoney Creek, Hamilton
$1,399,900
Detached|2-Storey
3 | 2 | 3
About this home
Great opportunity and potential for investor or builder, located in the heart of Stoney Creek. Close to all amenities. 1.5 storey home situated on large L-shaped lot with possible rear lot severance. Renovate the existing home or divide into 2 larger lots.
Extras
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,150 |
| Lot Size | 77.43 ft x 142.6 ft |
| mls© Number | X13567262 |
| Listed By | ROYAL LEPAGE STATE REALTY |
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%
- $7,165
- Property tax
- $346
- Heat allowance
- $150
- Housing costs
- $7,661 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $279,980
25-yr amortization
Income needed
$236,000
gross annual household income
- Payment at 4%
- $5,891 / mo
- Cash down
- $279,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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