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Listed 19 days ago

147 Melrose Avenue N

Stipley, Hamilton

$519,900

Detached|2-Storey
3 | 2 | 1
About this home

Welcome to 147 Melrose Ave N, where timeless character meets modern style& central urban convenience. Located in the heart of Hamilton's Stipley neighbourhood, this updated detached home w/ parking, welcomes you with a classic front porch - an ideal spot for a morning coffee or a relaxing evening and an inviting foyer anchored by a beautiful original wooden staircase. Next you'll find a spacious light-filled living room. Beautiful hardwood flooring& original trim throughout. The formal dining room sits conveniently beside a well-appointed kitchen which features a charming pass-through window that keeps conversations flowing between the two rooms while making meals. Tucked just off the kitchen, a flexible bonus space serves as a practical mudroom& storage area. Upstairs, you'll find 3 generously sized bedrooms, each offering ample closet space and a fully renovated, stylish 4 pc bathroom. Generously sized backyard perfect for hosting family& friends, complete with a large storage shed for tools, bikes& equipment. For even more potential, the basement features a large open area of unfinished space, laundry and a 1 pc bathroom. There's also a cold room and a separate entrance. Beyond the property itself, the home is perfectly positioned to enjoy the best of the city. Head over to Ottawa Street North to explore famous antique shops, artisan bakeries& vibrant weekly farmers markets and check out some of Hamilton's newest, trendiest cafes and dining spots nearby. Active living and events are effortless with Gage Park, Hamilton Stadium and the recreation facilities at the Bernie Morelli Recreation Centre all just minutes away. Complete with easy daily transit access and proximity to the future LRT line, this move-in-ready home offers an exceptional opportunity to embrace a vibrant, walkable urban lifestyle! Recent updates - roof, bathroom and electrical *See multimedia link for the video

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$3,200
Lot Size25 ft x 89.16 ft
mls© NumberX13627686
Listed ByKELLER WILLIAMS EDGE REALTY

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%
$2,661
Property tax
$267
Heat allowance
$150
Housing costs
$3,078 / mo

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

Down payment20% · $103,980
25-yr amortization

Income needed

$95,000

gross annual household income

Payment at 4%
$2,188 / mo
Cash down
$103,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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