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New5 days ago

61 GLENMOUNT Avenue

Ainslie Wood, Hamilton

$699,900

Detached|Bungalow
2 | 2 | 2
About this home

Attention investors! Welcome to 61 Glenmount Avenue, an incredible opportunity in the heart of Hamilton. This spacious 2+2 bedroom, 2-bathroom home is perfectly suited for student housing or as an income-generating investment. Offering a functional layout with generous living space, the finished lower level features two additional bedrooms and a second bathroom, providing excellent flexibility to maximize rental income. An added bonus is the coin-operated laundry, creating an additional revenue stream for investors. Ideally located close to schools, universities, public transit, shopping, restaurants, parks, and major highway access, this property is in a prime location that tenants will love. Whether you're looking to expand your investment portfolio or secure a property with exceptional cash-flow potential, this is an opportunity you won't want to miss!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,494
Lot Size40 ft x 100 ft
mls© NumberX13677040
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%
$3,582
Property tax
$458
Heat allowance
$150
Housing costs
$4,190 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$129,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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