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Listed 1 month ago

1 Mahony Avenue

Normanhurst, Hamilton

$534,900

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

Attention investors, first-time home buyers, downsizers, and multigenerational families! This versatile property offers exceptional value with a fully renovated basement suite and an unbeatable location directly beside Mahoney Park. The spacious main residence offers approximately 1,660 sq. ft. of comfortable living space, featuring three bedrooms, including a convenient main-floor bedroom, two additional bedrooms upstairs, and a full bathroom. Bright and functional, the layout is ideal for families or those seeking flexible living arrangements.The beautifully renovated lower-level suite spans approximately 773 sq. ft. and features a private one-bedroom, one-bathroom layout, making it an excellent option for extended family, guests, or potential rental income.Whether you're looking to accommodate multiple generations under one roof, downsize without sacrificing flexibility, or add a strong investment property to your portfolio, this home offers endless possibilities. Enjoy the convenience of being steps from Mahoney Park, with green space, recreation, schools, shopping, transit, and everyday amenities all nearby.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$2,772
Lot Size42.41 ft x 81.89 ft
mls© NumberX13578360
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%
$2,738
Property tax
$231
Heat allowance
$150
Housing costs
$3,119 / mo

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

Down payment20% · $106,980
25-yr amortization

Income needed

$96,000

gross annual household income

Payment at 4%
$2,251 / mo
Cash down
$106,980

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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