485 Cochrane Road
Rosedale, Hamilton
$559,900
485 Cochrane located in the heart of Rosedale just two minutes from Rosedale Arena, Kings Forest golf course and the Red Hill Valley Trails. This home is one of the largest homes in the neighbourhood, Featuring four above grade bedrooms, as well as a small office. The main floor is home to a living room as well as open concept, kitchen, dining room area, and a large separate family room. The home does require some updating however a little bit of elbow grease will allow you to turn this house to a large well laid out home in an excellent family neighbourhood.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $4,842 |
| Lot Size | 40 ft x 100 ft |
| mls© Number | X13629078 |
| 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%
- $2,866
- Property tax
- $404
- Heat allowance
- $150
- Housing costs
- $3,419 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$105,000
gross annual household income
- Payment at 4%
- $2,356 / mo
- Cash down
- $111,980
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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