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Balfour, Hamilton
$829,900
**Legal Duplex - Fully Renovated Bungalow on Hamilton Mountain** Excellent opportunity for first-time buyers, investors, or multi-generational families. This fully renovated legal duplex offers 3+2 bedrooms, 2 full bathrooms, and 2 fully equipped kitchens, making it ideal for extended family living or strong rental income potential. This solid brick bungalow features a separate side entrance, quality upgrades throughout, and brand-new appliances. Bright, clean, and move-in ready, the property shows exceptionally well with ample parking available. Located in a prime Central Mountain neighbourhood, just steps to Mohawk College and St. Joseph's Healthcare Hamilton, and close to transit, schools, shopping, highways, restaurants, cafe's, grocery stores, and all major amenities. Endless possibilities for homeowners and investors alike.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,746 |
| Lot Size | 50.6 ft x 103.1 ft |
| mls© Number | X13617038 |
| 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%
- $4,248
- Property tax
- $395
- Heat allowance
- $150
- Housing costs
- $4,793 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$147,000
gross annual household income
- Payment at 4%
- $3,492 / mo
- Cash down
- $165,980
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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