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Listed 18 days ago

614 Waterloo Street

Parkview, Hamilton

$539,999

Detached|Bungalow
2 | 1 | 6
About this home

This charming 2-bedroom, 1-bathroom home offers excellent potential for investors, contractors, and first-time buyers alike. Situated on a spacious lot with severance potential, complete blueprints are available upon request. The property is ideal for building a new home or renovating and expanding the existing one. The attic spans the entire footprint of the house and has been fully cleared and prepared, making it ready to be finished into additional living space. A WETT-certified wood stove was professionally installed in October 2023, and the property features two new workshops installed in January 2025, both with power running to them. Additional highlights include two driveways for ample parking, no neighbours on either side, and a beautiful view of the dog park across the street. Ideally located, the home sits directly across from the Globe Dog Park. The park offers open fields and easy access to the Red Hill Trail, with Confederation Beach just a pleasant 15-minute walk away. The property also offers convenient highway access and is close to shopping and everyday amenities. Wheelchair accessible and move-in ready, this quiet property could very well be your new home.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,600
Lot Size50 ft x 105 ft
mls© NumberX13629620
Listed ByCOLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

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%
$2,764
Property tax
$217
Heat allowance
$150
Housing costs
$3,131 / mo

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

Down payment20% · $108,000
25-yr amortization

Income needed

$96,000

gross annual household income

Payment at 4%
$2,272 / mo
Cash down
$108,000

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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