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Listed 1 month ago

3 Vineberg Drive

Allison, Hamilton

$1,148,000

Detached|Backsplit 5
5 | 4 | 6
About this home

Welcome To This Beautiful, Maintained, 5 Level Backsplit Backing Green Space On Premium Pie Lot. Offering A Rare Combination Of Space, Flexibility And Potential. Featuring 2 Separate Units: 3 Bedrooms, 2 Bathrooms With Own Laundry Room, And 4 Bedroom, 2 Full Bathroom Unit With 2 Laundry Room, Cold Room And Office. Both Kitchens With Quality Cabinetry, Stainless Steel Appliances, Along With Quartz Countertops. The House Is Fully Protected And Secured From Flooding. Sump Pump (Primary And Battery Back Up) And Backwater Valve Were Installed. The Backyard Oasis Featuring Premium Landscape Stonework! Parking For 6 Cars! This Property Offers Excellent Income Potential And Can Easily Be Converted Back Into A Single-Family House! Schools, Stores, Parks, Major Highways Are All Just Minutes Away! Very Large House! Must See! Fully Updated Income Generating Home!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBacksplit 5
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$6,529
Lot Size26.8 ft x 130.89 ft
mls© NumberX13703544
Listed ByROYAL LEPAGE REALTY CENTRE

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%
$5,876
Property tax
$544
Heat allowance
$150
Housing costs
$6,570 / mo

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

Down payment20% · $229,600
25-yr amortization

Income needed

$202,000

gross annual household income

Payment at 4%
$4,831 / mo
Cash down
$229,600

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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