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Riverdale, Hamilton
$649,000
Welcome to 42 Lake Ave North - A Home Full of Space, Privacy, and Possibilities. Discover the charm and potential of 42 Lake Ave North, a welcoming home set higher on the lot and tucked away from the main road. With plenty of parking for family and friends and an abundance of indoor and outdoor space, this property offers the flexibility to make it truly your own. Step outside and enjoy a large, private backyard, garden area, and a covered deck that's perfect for entertaining, relaxing, or enjoying summer evenings. There's even room to add a hot tub and create your own backyard retreat. A standout feature is the large heated workshop with A/C, ready to be customized to suit your hobbies, projects, or recreational needs. Prefer a garage? The space could potentially be converted back to a detached garage for a vehicle, motorcycle, boat, ATV and/or other toys. A spacious shed provides additional storage and could even be transformed into a special retreat for the family pet. Inside, the bright living room features beautiful hardwood floors, while the eat-in-kitchen offers a comfortable space for everyday meals. The main floor also includes a bedroom and bathroom for added convenience. Upstairs, you'll find two additional bedrooms, providing plenty of room for family, guests, or a home office. The finished basement adds even more versatility, featuring a cozy gas fireplace in the family room, an additional bedroom, spacious laundry room, and den. With generous outdoor space, versatile outbuildings, and plenty of room to personalize, 42 Lake Ave North is a home with both character and opportunity.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,127 |
| Lot Size | 51.59 ft x 136.54 ft |
| mls© Number | X13697146 |
| Listed By | RE/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%
- $3,322
- Property tax
- $344
- Heat allowance
- $150
- Housing costs
- $3,816 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$117,000
gross annual household income
- Payment at 4%
- $2,731 / mo
- Cash down
- $129,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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