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Listed 27 days ago

143 Elgin Street

Beasley, Hamilton

$499,000

Detached|2 1/2 Storey
6 | 3 | 2
About this home

Potential best describes this large 2 1/2 storey home used as a 6 bedroom 3 bathroom home. Offering 10 ft ceiling on main floor, generous living & dining rooms, eat in kitchen, hardwood floors on 2nd level, would be stunning re-finished, 4 bedrooms(one previously used as a kitchen)on 2nd level, 2 bedrooms on 3rd level which could be converted to living space or leave as 2 bedrooms as used in the past. Large front porch. Potential front drive. 130 foot deep lot with garage with access from alley way, This home needs TLC and once complete this would be a gem as a large single family home or potential multi units or multi generational home options. Convenient to grocery, buses, general hospital, GO station and vibrant James Street area plus short bike ride to pier 4 water front. Take advantage of this opportunity.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$3,150
Lot Size27.42 ft x 131.17 ft
mls© NumberX13755818
Listed ByROYAL LEPAGE MACRO REALTY

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%
$2,554
Property tax
$263
Heat allowance
$150
Housing costs
$2,967 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

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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