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Listed 1 month ago

31 Summercrest Drive

Gershome, Hamilton

$695,000

Detached|Bungalow
3 | 2 | 5
About this home

Welcome to 31 Summercrest Drive in Hamilton, an inviting, well-maintained bungalow that offers versatility, comfort, and exceptional value for today's modern lifestyle. This charming home features 3 spacious bedrooms, 2 full bathrooms, and the added benefit of two full kitchens, making it ideal for multi-generational living or those seeking in-law suite potential. Step inside to a bright and welcoming living room, highlighted by a large bay window that overlooks the lovely front porch, filling the space with natural light and creating a warm, inviting atmosphere. The beautifully updated main floor kitchen boasts elegant granite countertops and stainless-steel appliances, perfect for both everyday living and entertaining. The functional layout continues downstairs, where a fully equipped second kitchen enhances flexibility for extended family or additional living arrangements. A cozy wood-burning fireplace adds charm and comfort to the lower level, making it an ideal retreat for relaxing evenings. Enjoy your morning coffee on the front porch, or unwind in the beautifully landscaped back gardens, complete with a convenient gas line for your BBQ, perfect for summer gatherings. The detached garage, currently used for storage, offers excellent potential to be converted back into a functional garage space. Additional features include a 2-year-old A/C unit, upgraded 200-amp electrical panel, and an osmosis water filtration system for added peace of mind. The concrete driveway accommodates up to four vehicles, providing ample parking for family and guests. Situated in a desirable neighbourhood, this home is just a short drive to parks, schools, shops, conservation areas, trails, and recreation centres, with easy access to major highways for an easy commute. A fantastic opportunity to own a versatile and thoughtfully cared-for home ina convenient Hamilton location.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,896
Lot Size40 ft x 100 ft
mls© NumberX13567566
Listed ByROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

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%
$3,557
Property tax
$408
Heat allowance
$150
Housing costs
$4,115 / mo

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

Down payment20% · $139,000
25-yr amortization

Income needed

$127,000

gross annual household income

Payment at 4%
$2,925 / mo
Cash down
$139,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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