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Listed 27 days ago

48 Melbourne Street

Kirkendall, Hamilton

$1,295,000

Detached|2-Storey
3 | 3 | 2
About this home

QUALITY NEW BUILD BY SILVESTRI HOMES 48 Melbourne Street | Durand Neighbourhood Experience exceptional craftsmanship and timelessdesign in this stunning 1,788 sq. ft. new home by Silvestri Homes, perfectly situated in the heart of the sought-after Durand neighbourhood.Enjoy the convenience of being just a one-minute walk to the trendy shops, cafes and restaurants of Locke Street, while still enjoying the privacyof a quiet residential setting. Boasting an impressive stone front elevation, this thoughtfully designed two-storey home offers a bright, open-concept main floor featuring beautifully appointed kitchen cabinetry, spacious living and dining areas, and sliding patio doors leading to a deckoverlooking a deep rear yard with access from Hill Street-ideal for entertaining or future possibilities. The upper level offers three spaciousbedrooms, 2.5 bathrooms, and the convenience of bedroom-level laundry. The elevated lower level features large windows and a separate sideentrance, providing outstanding potential for a future in-law suite, additional living space, or income opportunity. Highlights: Quality new build bySilvestri Homes 1,788 sq. ft. of thoughtfully designed living space Impressive stone front elevation Open-concept main floor Beautifullyappointed kitchen 3 spacious bedrooms 2.5 bathrooms Bedroom-level laundry Deck overlooking deep rear yard with Hill Street access Elevatedbasement with large windows and side entrance Excellent potential for future development Prime Durand location, just steps to vibrant LockeStreet A rare opportunity to own a beautifully crafted new home in one of Hamilton's most desirable neighbourhoods.**INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNew
Size1500-2000 sq. ft.
Property Tax$1
Lot Size25 ft x 140 ft
mls© NumberX13596910
Listed ByCastellano Real Estate Inc., Brokerage

Listing History

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  • 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%
$6,628
Property tax
$0
Heat allowance
$150
Housing costs
$6,778 / mo

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

Down payment20% · $259,000
25-yr amortization

Income needed

$209,000

gross annual household income

Payment at 4%
$5,450 / mo
Cash down
$259,000

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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