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Listed 20 days ago

47 Bowman Street

Ainslie Wood, Hamilton

$999,900

Detached|2-Storey
8 | 6 | 4
About this home

Attention Investors & Savvy Buyers! Fantastic, high-yield opportunity in a highly desirable, AAA+ location-just steps to McMaster University and local amenities. This massive property offers incredible income potential and has been beautifully updated. Boasting 10 generous bedrooms and 6 bathrooms, this home is a investors dream or multi-generational masterpiece. Fresh new flooring on main floor, extends up the stairs and throughout the second level, where you'll find a massive primary suite with its own generous ensuite. The fully finished basement adds incredible value with a second kitchen and full bathroom. Turnkey, updated, and in an unbeatable location-do not miss out on this amazing investment opportunity!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$8,550
Lot Size52.99 ft x 98.75 ft
mls© NumberX13622782
Listed ByEXP REALTY

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%
$5,118
Property tax
$713
Heat allowance
$150
Housing costs
$5,980 / mo

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

Down payment20% · $199,980
25-yr amortization

Income needed

$184,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$199,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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