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New5 days ago

8 Sanders Boulevard

Ainslie Wood, Hamilton

$895,000

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

Visit REALTOR website for additional information. Location, Location, Location - student rental or family home 2 story family or student home ideally located 1/2 block or 200 yards away from the university campus. An ideal house for students who value proximity to campus, or an academic leader and family. Being sold fully furnished. Currently has three bedrooms. Easy conversion to 6 bedrooms for a student rental. Main floor - spacious main floor with a large living room and south facing windows, dining room and eat-in-kitchen plus two closets in the entrance hallway. The living room and dining room could be converted to 2 additional bedrooms. Second floor - three bedrooms - large master bedroom with walk-in closet, two additional bedrooms also have closets. Four piece bathroom with storage plus and additional storage closet in hallway. Finished basement with bathroom -potential for more bedrooms, plus parking for up to 3 cars. Nearby GO Station.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$7,506
Lot Size50 ft x 100 ft
mls© NumberX13677904
Listed ByPG DIRECT REALTY LTD.

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%
$4,581
Property tax
$625
Heat allowance
$150
Housing costs
$5,357 / mo

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

Down payment20% · $179,000
25-yr amortization

Income needed

$165,000

gross annual household income

Payment at 4%
$3,766 / mo
Cash down
$179,000

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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