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Gibson, Hamilton
$550,000
Must-See Detached Brick Home with Double-Car Garage on a Corner Lot! Welcome to this charming detached brick home, ideally situated on a desirable corner lot featuring a spacious double-car garage and inviting front porch. The home offers a functional layout with nicely updated interiors, modern lighting, updated flooring, and thoughtful improvements throughout.The bright and functional main kitchen features updated appliances and a walkout to a private concrete patio, creating a great space for outdoor dining and entertaining.Income-Generating Basement: The fully finished basement features a separate side entrance, its own kitchen, and dedicated laundry, making it ideal for rental income or multi-generational living.Property Features & Updates Include:Double-car garageDesirable corner lotInviting covered front porchUpdated flooringModern LED lighting and pot lightsUpdated kitchen and appliancesRenovated basement kitchenSeparate basement entranceDedicated basement laundryFully finished basementCurrently rented both upstairs and in the basement, providing an excellent opportunity for investors or buyers looking for a property with rental income potential.With its corner-lot location, double-car garage, functional layout, finished basement, and established rental setup, this home offers a great combination of comfortable living and investment potential. A wonderful opportunity for homeowners and investors alike!
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,301 |
| Lot Size | 28 ft x 68 ft |
| mls© Number | X13743264 |
| Listed By | SERIK 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%
- $2,815
- Property tax
- $275
- Heat allowance
- $150
- Housing costs
- $3,240 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$100,000
gross annual household income
- Payment at 4%
- $2,314 / mo
- Cash down
- $110,000
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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