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Price Change$599,000

418 Fairfield Avenue

Homeside, Hamilton

$584,999

Detached|Bungalow-Raised
2 | 2 | 1
About this home

418 Fairfield Avenue, Hamilton - Versatile 2+1 bedroom home with income potential. Originally a 3-bedroom main floor; one bedroom converted into a spacious dining room (can be converted back). Separate 1-bedroom basement unit with private entrance. Basement is currently vacant--ideal for owner occupancy or setting your own market rent. Main floor is tenant-occupied at $2,200/month; tenants are willing to stay or vacant possession can be provided. Prime central Hamilton location, just minutes from Centre on Barton, shopping, schools, parks, public transit, and major highways. Excellent opportunity for investors, first-time home buyers or multi-generational families.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,126
Lot Size25 ft x 95 ft
mls© NumberX13578700
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%
$2,994
Property tax
$427
Heat allowance
$150
Housing costs
$3,571 / mo

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

Down payment20% · $117,000
25-yr amortization

Income needed

$110,000

gross annual household income

Payment at 4%
$2,462 / mo
Cash down
$117,000

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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