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New2 days ago

1085 CANNON Street E

Crown Point, Hamilton

$350,000

Freehold Townhouse|2-Storey
4 | 1 | 0
About this home

A great opportunity for investors, renovators, or buyers looking to create something special in East Hamilton. This 4-bedroom semi-detached home is currently being used as a rental and offers a practical eat-in kitchen, fenced yard, and a convenient location close to the shops and restaurants of Ottawa Street, public transit, schools, and everyday amenities. The property would benefit from renovation and updating, providing an excellent opportunity to bring your own vision and ideas to the home while adding value along the way. A well-located property with plenty of potential-come explore the possibilities!

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agent
Angela Montano
(647) 283-2643
TypeAtt/Row/Townhouse
Style2-Storey
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$2,070
Lot Size21.5 ft x 50 ft
mls© NumberX13683656
Listed ByRE/MAX ESCARPMENT GOLFI 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%
$1,791
Property tax
$173
Heat allowance
$150
Housing costs
$2,114 / mo

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

Down payment20% · $70,000
25-yr amortization

Income needed

$65,000

gross annual household income

Payment at 4%
$1,473 / mo
Cash down
$70,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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