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Price Change$699,900

180 Terrace Drive

Balfour, Hamilton

$689,900

Detached|Backsplit 3
3 | 2 | 4
About this home

Welcome to this lovely backsplit, offering a bright and spacious layout with plenty of room for the whole family! Featuring 3 generous-sized bedrooms and 1.5 baths, this home has been thoughtfully updated and is move-in ready. The updated kitchen boasts stainless steel appliances, granite countertops and extended cabinetry, providing both style and functionality. The bright living room features a large bay window that fills the space with natural light and creates a warm, inviting atmosphere. The cozy lower-level family room is a wonderful bonus, with large windows that let in an abundance of natural light and make the space feel anything but like a basement. Convenient lower-level laundry room with walk-out to the backyard adds flexibility and functionality, while offering exciting potential for an in-law suite or rental unit. Detached garage and parking for 4 cars, plus additional street parking, provide plenty of parking options. Ideally located close to schools, shopping, parks and public transit, with easy access to major highways. A wonderful opportunity to own a comfortable, updated home with excellent space, parking and future potential!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBacksplit 3
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,015
Lot Size50 ft x 93 ft
mls© NumberX13788552
Listed ByRE/MAX ESCARPMENT GOLFI REALTY INC.

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%
$3,531
Property tax
$418
Heat allowance
$150
Housing costs
$4,099 / mo

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

Down payment20% · $137,980
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,903 / mo
Cash down
$137,980

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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