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Listed 17 days ago

117 West 5th Street

Southam, Hamilton

$749,000

Detached|2-Storey
3 | 3 | 5
About this home

The work is done, the big-ticket updates are taken care of, and this beautifully updated West Mountain home is ready for you to simply move in and enjoy! Looking for a home that can help offset your monthly costs? The lower level is equipped with a separate entrance, full kitchen, bedroom, laundry and egress windows, offering incredible potential for additional rental income or extended family living. This home has been extensively updated throughout over the past five years, including electrical with ESA, plumbing, flooring, pot lights, windows, exterior doors, trim and stainless steel appliances. More recent improvements include the roof, water heater, sump pump, exterior waterproofing, backyard regrading and a French drain system for improved water management. The driveway has also been widened to provide additional parking. Ideally located across from St. Joseph's Healthcare and within walking distance to Mohawk College and Hillfield Strathallan College, with convenient access to transit, amenities and major routes. Turn-key, versatile and packed with updates, all that's left to do is make it yours!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,168
Lot Size44 ft x 90 ft
mls© NumberX13805050
Listed ByRE/MAX ESCARPMENT REALTY INC.

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%
$3,834
Property tax
$431
Heat allowance
$150
Housing costs
$4,414 / mo

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

Down payment20% · $149,800
25-yr amortization

Income needed

$136,000

gross annual household income

Payment at 4%
$3,152 / mo
Cash down
$149,800

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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