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Homeside, Hamilton
$584,999
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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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,126 |
| Lot Size | 25 ft x 95 ft |
| mls© Number | X13578700 |
| Listed By | RE/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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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