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New24 hours ago

299 West 5th Street

Buchanan, Hamilton

$679,900

Detached|Bungalow
3 | 3 | 7
About this home

Welcome to this brick detached bungalow in a prime Hamilton Mountain location, offering exceptional versatility for first-time buyers, families and investors. Featuring 6 bedrooms, 2 bathrooms, a separate entrance and in-law suite capability, this home is well suited for multi-generational living, student rental potential or additional income opportunities. Walking distance to Mohawk College and close to transit, shopping, schools, parks and everyday amenities, the location is hard to beat. Outside, enjoy meticulous landscaping, a detached garage and parking for up to 7 vehicles, including 6 driveway spaces. For investors, the property also offers exciting potential for conversion to a duplex and an additional dwelling unit (ADU) at the garage, subject to municipal approvals. With its flexible layout, income potential and desirable Hamilton Mountain location, this property presents an excellent opportunity to live, invest and plan for the future.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,672
Lot Size57 ft x 91 ft
mls© NumberX13687610
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%
$3,480
Property tax
$389
Heat allowance
$150
Housing costs
$4,019 / mo

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

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

Income needed

$124,000

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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