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Listed 1 month ago

42 Barnesdale Avenue N

Stipley, Hamilton

$679,000

Detached|2-Storey
3 | 3 | 1
About this home

Welcome to this beautifully renovated, turnkey detached home offering modern living with the added benefit of rental income. The bright and spacious main residence features 3 generous bedrooms, large windows, brand-new flooring, stainless steel appliances, and a stylish breakfast bar, ideal for comfortable family living and entertaining. The complete finished 2-bedroom basement apartment features a separate kitchen and brand-new appliances. Currently rented for $1,200/month, the basement provides valuable additional income to help offset the homeowner's monthly expenses while enjoying the main residence upstairs.Enjoy the beautiful backyard, perfect for relaxing or entertaining, along with one convenient front parking space. Combining timeless character with contemporary finishes, this home is in a highly walkable neighbourhood with a 92 Walk Score, just steps from parks, public transit, Tim Hortons Field, shopping, and everyday amenities. A fantastic opportunity for a homeowner looking to enjoy a fully renovated 3-bedroom home while benefiting from additional basement rental income. Move in, enjoy the space, and let the rental income help with the monthly costs.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,218
Lot Size30 ft x 68.5 ft
mls© NumberX13748344
Listed ByGFA REALTY LTD.

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%
$3,475
Property tax
$268
Heat allowance
$150
Housing costs
$3,894 / mo

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

Down payment20% · $135,800
25-yr amortization

Income needed

$120,000

gross annual household income

Payment at 4%
$2,857 / mo
Cash down
$135,800

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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