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New7 days ago

2 Norfolk Street N

Ainslie Wood, Hamilton

$1

Detached|Bungalow
4 | 2 | 2
About this home

Great Investment Opportunity in Prime Hamilton location! A block away from Mcmaster University. Just a short walk to school! Currently a student rental. Attractive rents. Lot is 30' frontage by 100', widens in the rear to 38', 3423 Sq ft site area. Being sold as development site with adjoining commercial property offered for sale. MLS#X13667488. Prime Student Rental Development site!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,151
Lot Size30 ft x 100.33 ft
mls© NumberX13667478
Listed ByILISTREALESTATE 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%
$0
Property tax
$513
Heat allowance
$150
Housing costs
$663 / mo

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

Down payment20% · $0
25-yr amortization

Income needed

$20,000

gross annual household income

Payment at 4%
$0 / mo
Cash down
$0

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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