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New2 days ago

5 Rowanwood Street

Crown Point, Hamilton

$450,000

Detached|2-Storey
3 | 2 | 0
About this home

Dreaming of homeownership but looking for ways to make your mortgage more affordable? Welcome to 5 Rowanwood St. This is your opportunity to purchase a home with room to grow, build equity, and create future income potential. Step inside to discover a open-concept main floor featuring a bright living area, convenient main floor laundry, a powder room, and a functional layout designed for everyday living. Upstairs offers three bedrooms, including an oversized primary bedroom, with the flexibility to suit your lifestyle and future needs. The unfinished basement features a separate entrance, providing an incredible opportunity for the next owner to finish the space and create additional living space, a private suite for family, or explore future rental possibilities. Outside, enjoy a private backyard ready to be transformed into your own outdoor retreat. Located just a 2-minute walk to public transit, this home is also close to schools, parks, shopping, and commuter routes, including the upcoming Confederation GO Station, making it an excellent location for commuters and long-term growth. Whether you're a first-time buyer looking to offset your future housing costs, a buyer wanting space for extended family, or someone looking to build equity through thoughtful improvements, this property offers incredible potential to make it your own. Opportunities like this don't come around often. Photos were taken prior to tenancy and have been virtually staged to show the full potential of this home.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,000
Lot Size25 ft x 116.24 ft
mls© NumberX13683984
Listed ByREAL BROKER ONTARIO 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%
$2,303
Property tax
$250
Heat allowance
$150
Housing costs
$2,703 / mo

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

Down payment20% · $90,000
25-yr amortization

Income needed

$83,000

gross annual household income

Payment at 4%
$1,894 / mo
Cash down
$90,000

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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