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New5 days ago

509 Southridge Drive

Mountview, Hamilton

$679,900

Freehold Townhouse|2-Storey
3 | 3 | 3
About this home

Welcome to this spacious end-unit freehold townhome in Hamilton's desirable Southridge community, offering the feel and privacy of a semi-detached home with no condo fees. The executive floor plan features a unique split staircase, with the generous primary bedroom privately situated in its own section and complete with a walk-in closet and ensuite bath. Two additional well-sized bedrooms, another full bathroom and excellent closet space complete the upper level. The main floor offers separate living and dining areas, hardwood flooring, a bright eat-in kitchen, fireplace with oak surround and plenty of pot lights throughout. The finished basement provides a large recreation room, additional bedroom or home office, built-in shelving and valuable storage space. Outside, enjoy a fully fenced private yard, single-car garage and parking for up to three vehicles. Currently tenant occupied, this property is an excellent opportunity for investors or buyers looking to make this spacious home their own.

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agent
Angela Montano
(647) 283-2643
TypeAtt/Row/Townhouse
Style2-Storey
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$5,466
Lot Size27.66 ft x 104.82 ft
mls© NumberX13677496
Listed ByTHE REAL ESTATE BOUTIQUE BROKERAGE, 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%
$3,480
Property tax
$456
Heat allowance
$150
Housing costs
$4,086 / mo

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

Down payment20% · $135,980
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,861 / mo
Cash down
$135,980

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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