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Listed 11 days ago

11 Lorne Avenue

Blakeley, Hamilton

$649,900

Detached|2 1/2 Storey
4 | 2 | 2
About this home

Two homes, one address, and both are finished fully renovated. The main level opens up brightand wide with hardwood throughout, a family room anchored by a fireplace with built-in shelving,and a custom kitchen that earns its keep: upgraded cabinetry, quartz counters, stainlessappliances, and an island with room for the entire family. Four full-size bedrooms are upstairsalongside a stunning 4-piece bath with heated floors and a beautiful vanity that stops peoplemid-tour. Downstairs is where the numbers get interesting. A private side entrance leads to acompletely separate finished unit, currently vacant, with exposed wood beams, laminate floors,a full kitchen with stainless appliances, its own bedroom, 3-piece bath, and in-suite laundry.Rent it, house family in it, or keep it for yourself. Behind the finishes, the big-ticket items arealready handled: electrical, LED pot lights, ductwork, spray foam insulation, windows and doorsall completed in 2021, plus updated interior plumbing, Furnace 2023, and AC 2021. Walk toGage Park and St. Peter's Hospital. Live in one unit, collect on the other, or enjoy the wholething yourself.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,137
Lot Size21.04 ft x 105.22 ft
mls© NumberX13824210
Listed ByEXP 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%
$3,326
Property tax
$345
Heat allowance
$150
Housing costs
$3,821 / mo

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

Down payment20% · $129,980
25-yr amortization

Income needed

$118,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

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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