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Listed 11 days ago

387 Upper Gage Avenue

Sunninghill, Hamilton

$719,000

Detached|1 1/2 Storey
3 | 3 | 4
About this home

Three full bathrooms, two full kitchens, and a legal separate entrance, this fully renovated East Mountain duplex at 387 Upper Gage Avenue offers exceptional value at. Sitting on a 50 x 100 ft lot with 4 driveway parking spaces, this like-new home is finished top to bottom with new doors and windows, pot lights throughout, and appliances including fridge, stove, and dishwasher. The main floor offers a bright one bedroom layout with a fully custom kitchen finished in quartz countertops and matching backsplash. Upstairs, two additional bedrooms complete the level with direct backyard access, giving the upper unit its own private outdoor connection. The fully self-contained basement apartment operates entirely independently, with its own separate entrance, two full bedrooms, a second custom kitchen with matching quartz finishes, a full bathroom, and its own dedicated laundry. Approximately 1,980 sq ft of total living space is thoughtfully split between the two units, ideal for an in-law suite, rental income, or extended family living. The upper unit is currently tenanted to an amazing, long-term tenant at $2,735.61/month, inclusive of utilities. Minutes to shopping, the hospital, highway access, and schools, 387 Upper Gage is a legal duplex built for flexibility, income potential, and everyday value.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,968
Lot Size50 ft x 100 ft
mls© NumberX13826966
Listed ByCORCORAN HORIZON REALTY

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%
$3,680
Property tax
$414
Heat allowance
$150
Housing costs
$4,244 / mo

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

Down payment20% · $143,800
25-yr amortization

Income needed

$131,000

gross annual household income

Payment at 4%
$3,026 / mo
Cash down
$143,800

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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