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Listed 1 month ago

305 Weir Street N

Homeside, Hamilton

$595,000

Detached|1 1/2 Storey
3 | 3 | 2
About this home

This well-maintained 2 unit property offers 3+1 bedrooms and 3 bathrooms (2 full and 1 powder room). The main level features a modern open-concept layout with pot lights throughout, a custom eat-in kitchen with a large island and quartz countertops, updated bathrooms, and fresh paint throughout. Significant capital improvements have already been completed, including newer appliances, furnace, A/C, and hot water tank (all under five years old), along with a fully waterproofed basement, providing added value and reduced maintenance costs. Fully tenanted and turn key investment for a investor looking to add to the portfolio.The exterior includes a spacious backyard with a deck and parking for two vehicles with convenient rear alley access. Ideally located just minutes from public transit, Centre Mall, major highways, schools, and everyday amenities, this is an outstanding opportunity to acquire a fully tenanted investment property with immediate income and future appreciation potential.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,949
Lot Size25 ft x 100 ft
mls© NumberX13568224
Listed ByRoyal LePage Real Estate Associates

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%
$3,045
Property tax
$246
Heat allowance
$150
Housing costs
$3,441 / mo

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

Down payment20% · $119,000
25-yr amortization

Income needed

$106,000

gross annual household income

Payment at 4%
$2,504 / mo
Cash down
$119,000

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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