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Listed 1 month ago

343 Cumberland Avenue

Blakeley, Hamilton

$519,000

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

A Hamilton Character Home Ready for its Next Chapter. Now offered at $519,000, with the scope of renovation in mind. Located in Hamilton's Blakeley neighbourhood, a historic Hamilton neighbourhood, known for its mature tree lined streets and early 1900s brick homes, at the base of the Escarpment. This detached brick century home offers approximately 1,100 sq. ft. living space, with 3 bedrooms and 1.5 baths, hardwood floors, rear deck, fenced yard, and views of the Niagara Escarpment from the covered front porch. This is a true renovation opportunity requiring significant updating and repair, with the realities - and potential - of taking on a century home with an older stone foundation. A newer furnace is already in place and a PRE-LISTING HOME INSPECTION available for review. For a renovator, contractor, experienced DIYer or old-house enthusiast, this is an opportunity to re-imagine a genuine Hamilton character home in a sought-after location close to Gage Park, Ottawa Street,the Escarpment Rail Trail, Bruce Trail access and the Wentworth Stairs. Bring your vision, your renovation plans and an appreciation for century home character!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$3,773
Lot Size21.5 ft x 83 ft
mls© NumberX13730900
Listed ByRIGHT AT HOME REALTY

Listing History

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  • 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%
$2,656
Property tax
$314
Heat allowance
$150
Housing costs
$3,121 / mo

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

Down payment20% · $103,800
25-yr amortization

Income needed

$96,000

gross annual household income

Payment at 4%
$2,184 / mo
Cash down
$103,800

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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