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New6 days ago

203 Caroline Street N

Central, Hamilton

$299,000

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

Calling all investors, handymen and buyers looking to build some equity. Opportunity awaits! This 1,120 sqft two-storey semi-detached home is ready for someone with vision to bring it back to life. Located on a dead-end street just steps from a large park, the location is hard to beat. You're only an 8-minute walk to the West Harbour GO Station, a 4-minute walk to TD Coliseum and have easy access to the highway. There's also private parking for two vehicles. Yes, this home needs extensive renovations, but that's where the opportunity begins. The main level currently offers a living room, dining room, kitchen, laundry hookups and a 2-piece bathroom rough-in. Upstairs you'll find three bedrooms and an additional bathroom. The basement has less than full-height ceilings but provides plenty of useful storage space. Rather than relying on still photos, be sure to explore the iGuide virtual tour and detailed floor plans for a complete look at the home's current condition, layout and potential. Whether you're an investor looking for your next project, a handy buyer ready to roll up your sleeves, or someone looking for an opportunity to renovate and build equity, this property offers plenty of potential in a convenient Hamilton location.

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agent
Angela Montano
(647) 283-2643
TypeSemi-Detached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$2,574
Lot Size18.42 ft x 71 ft
mls© NumberX13671116
Listed ByRE/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%
$1,530
Property tax
$214
Heat allowance
$150
Housing costs
$1,895 / mo

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

Down payment20% · $59,800
25-yr amortization

Income needed

$58,000

gross annual household income

Payment at 4%
$1,258 / mo
Cash down
$59,800

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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