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Listed 19 days ago

867 UPPER SHERMAN Avenue

Thorner, Hamilton

$774,900

Detached|Bungalow
2 | 2 | 6
About this home

Turnkey legal duplex on the desirable Hamilton Mountain! Main floor 2 bedroom unit can be easily be turned back into 3 bedrooms. With approximately 1,100 sq.ft. even the basement unit is very spacious. The main floor features a large kitchen, solid oak cabinetry, hardwood flooring throughout, 4-piece bath, and a spacious primary bedroom with gas fireplace. The open concept basement unit is approx 5 years old. Two hydro meters and two water meters allow each unit to pay 100% of their own utilities. Recent major updates include a newer A/C, roof and basement waterproofing. A+ tenants paying market rent, making this a turnkey investment, or live in one unit and have the other help offset your mortgage. Double-wide driveway to complete the package!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,061
Lot Size50 ft x 100 ft
mls© NumberX13794596
Listed ByROCK STAR REAL ESTATE 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%
$3,966
Property tax
$422
Heat allowance
$150
Housing costs
$4,538 / mo

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

Down payment20% · $154,980
25-yr amortization

Income needed

$140,000

gross annual household income

Payment at 4%
$3,261 / mo
Cash down
$154,980

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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