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Listed 12 days ago

55 Holmes Avenue

Ainslie Wood, Hamilton

$599,900

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

Set on a corner lot, only 2 minutes to McMaster University. This two storey detached home offers two bedrooms up plus a third on the finished lower level and a 4 piece main floor bathroom, the home pairs a practical layout with a west Hamilton location that puts campus, and everyday amenities within walking distance. The main floor features a living room, an open concept kitchen and dining area, and a mud room with its own side entrance. Upstairs are two bedrooms, the back bedroom with a walkout to a large balcony with escarpment views. The finished lower level adds a third bedroom, a recreation room, a wood fireplace, laundry, and a cold room, offering space for an additional bedroom. An attached single garage and a private driveway space provide parking for two vehicles, and the property is on municipal water and sewer. The corner lot has a large side yard perfect for future expansion. A bus stop sits at Whitney Avenue and Leland Street leading you to a 2 minute trip into campus.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$5,900
Lot Size50.1 ft x 50.1 ft
mls© NumberX13649536
Listed ByROYAL LEPAGE STATE REALTY

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%
$3,071
Property tax
$492
Heat allowance
$150
Housing costs
$3,712 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$114,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

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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