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Listed 29 days ago

305 Mohawk Road E

Hill Park, Hamilton

$600,000

Detached|Bungalow
3 | 2 | 2
About this home

Beautiful, well-maintained home in a desirable neighborhood, offering a functional layout and bright, inviting living spaces. Recent major updates include a new furnace, new air conditioning system and newer roof, providing peace of mind and reduced future maintenance costs. This property is ideal for end-users and investors alike, with strong rental potential and attractive long-term appreciation prospects. Close to transit, shopping, schools and local amenities, this is a turn-key opportunity in a high-demand area. *Main floor will be vacant by September 1st, 2026. Triple A Tenant In Basement.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,165
Lot Size40 ft x 126.08 ft
mls© NumberX13587888
Listed ByRE/MAX WEST 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%
$3,071
Property tax
$347
Heat allowance
$150
Housing costs
$3,568 / mo

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

Down payment20% · $120,000
25-yr amortization

Income needed

$110,000

gross annual household income

Payment at 4%
$2,525 / mo
Cash down
$120,000

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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