260 Prospect Street S
Blakeley, Hamilton
$589,900
Excellent investment opportunity in a prime Hamilton Mountain location! This well-maintained duplex at 260 Prospect Ave South offers strong income potential with two self-contained units and additional space to grow. The property features a detached barn/garage with parking for 2cars, currently rented for additional income, making this a rare find with multiple revenue streams. The walkout basement provides exciting potential for additional living or rental space, ideal for investors or buyers looking to offset their mortgage. Conveniently located close to transit, schools, shopping, and easy mountain access. A versatile property packed with opportunity!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,357 |
| Lot Size | 50 ft x 100 ft |
| mls© Number | X13635804 |
| 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%
- $3,019
- Property tax
- $363
- Heat allowance
- $150
- Housing costs
- $3,532 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$109,000
gross annual household income
- Payment at 4%
- $2,482 / mo
- Cash down
- $117,980
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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