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Listed 27 days ago

147 Melrose Avenue N

Stipley, Hamilton

$498,000

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

Welcome to Melrose Ave, a standout street in the heart of Hamilton's vibrant Stipley neighbourhood! Timeless character meets modern updates in this move-in-ready home with parking, starting with a classic front porch perfect for your morning coffee or winding down in the evening. The main floor features beautiful hardwood flooring& original trim throughout, a bright living room, formal dining room with a pass-through to the well-appointed kitchen and a flexible bonus space off the kitchen that serves as a functional mudroom and storage area. Upstairs offers 3 spacious bedrooms with ample closet space and a stylish fully renovated 4-piece bathroom. Outside, enjoy a large backyard ideal for entertaining, complete with a generous storage shed. The full basement includes a separate entrance, laundry, a 1-piece bath, cold room, and potential to use the unfinished space. Events and active living is effortless with Hamilton Stadium (Go Ticats!), the recreation facilities at the Bernie Morelli Recreation Centre and Gage Park all just minutes away. Head over to Ottawa Street's famous antique shops, bakeries, and farmer's market and check out some of Hamilton's newest, trendiest cafes and dining spots nearby. Easy transit access and proximity to the future LRT line make this the ultimate urban lifestyle! Recent updates include roof shingles (2021), 2nd level bathroom (2019), electrical (2019) and 2nd level flooring (2019). Additional parking on the street. See multimedia link for video.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$3,100
Lot Size25 ft x 89.16 ft
mls© NumberX13756564
Listed ByKELLER WILLIAMS EDGE 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%
$2,549
Property tax
$258
Heat allowance
$150
Housing costs
$2,957 / mo

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

Down payment20% · $99,600
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$2,096 / mo
Cash down
$99,600

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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