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Listed 18 days ago

729 West 5th Street

Fessenden, Hamilton

$519,000

Semi-Detached |Backsplit 4
3 | 1 | 4
About this home

Exceptional Opportunity in a Prime Location - Spacious 4-Level Backsplit Semi-Detached Home!Unlock the incredible potential of this bright and spacious 3-bedroom, 4-level backsplit, proudly owned by the original owner. Offering approximately 2,266 sq. ft. of total living space, including the basement, this solid home provides the perfect canvas to create your dream home or next investment.Designed with a versatile multi-level layout, this property is ideal for families, renovators, and savvy investors. With your personal vision and updates, you can significantly enhance its value and make it truly spectacular.The lower level and basement offer outstanding potential to create a separate apartment or in-law suite, providing an excellent opportunity for multi-generational living or valuable rental income.Step outside to a generously sized backyard-perfect for entertaining, family gatherings, gardening, or simply enjoying your own private outdoor retreat.Ideally situated in a quiet, family-friendly neighbourhood, this home is just minutes from Mohawk College, excellent public and private schools, Lime Ridge Mall, parks, shopping, and everyday amenities. Enjoy the convenience of a less than 5-minute walk to public transit and under a 10-minute drive to major highways, making commuting quick and easy.Solid, spacious, and packed with potential, this is a rare chance to secure a property in a highly sought-after location and build instant equity. (Some photos have been virtually staged to illustrate the property's potential). and

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agent
Angela Montano
(647) 283-2643
TypeSemi-Detached
StyleBacksplit 4
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,117
Lot Size37 ft x 95 ft
mls© NumberX13628030
Listed ByCENTURY 21 GREEN 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%
$2,656
Property tax
$343
Heat allowance
$150
Housing costs
$3,150 / mo

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

Down payment20% · $103,800
25-yr amortization

Income needed

$97,000

gross annual household income

Payment at 4%
$2,184 / mo
Cash down
$103,800

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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