9 Norfolk Street N
Ainslie Wood, Hamilton
$750,000
Licensed student rental available for purchse for the first time since 1996. Financials and licensing details available to qualified buyers. This home is never advertised for rent. When one resident leaves, there is always another to take their place. One block from McMaster University. Sewer is fiberglass lined with an external cleanout trap. Garage currently storing furnishings. Home is sided over stucco. Driveway is double but can stack up to 4 small cars (2x2)
No extras listed.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 100+ |
| Size | 1500-2000 sq. ft. |
| Property Tax | $7,411 |
| Lot Size | 50 ft x 100 ft |
| mls© Number | X13594374 |
| Listed By | CIRRIUS 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%
- $3,839
- Property tax
- $618
- Heat allowance
- $150
- Housing costs
- $4,606 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$142,000
gross annual household income
- Payment at 4%
- $3,156 / mo
- Cash down
- $150,000
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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