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Listed 20 days ago

348 Weir Street N

Homeside, Hamilton

$425,000

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

Attn Renovators, Investors, Contractors and 1st time Buyers This property has 3 bedrooms ( 2 up and 1 on main),1-bathroom home offers an excellent entry point for someone looking to build equity and create that dream home in a desirable location. The home is livable and functional as-is, while offering plenty of potential for those looking to add their own personal touches and improvements over time. Fantastic opportunity to own a detached home on large beautiful lot with huge private fenced rear yard & double driveway. Very spacious layout and an accessible price point, this property is a great option for buyers looking to get into the market or investors searching for their next project. Quiet non-through street conveniently located in Hamilton, being close to public transit, employment opportunities, shopping, schools, amenities, and major transportation routes, making everyday commuting and access to the city simple and convenient. House is being sold "as is, where is."

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,212
Lot Size40 ft x 111.5 ft
mls© NumberX13787296
Listed ByROYAL LEPAGE STATE 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%
$2,175
Property tax
$184
Heat allowance
$150
Housing costs
$2,510 / mo

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

Down payment20% · $85,000
25-yr amortization

Income needed

$77,000

gross annual household income

Payment at 4%
$1,788 / mo
Cash down
$85,000

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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