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Listed 10 days ago

15 Carwyn Crescent

Ainslie Wood, Hamilton

$744,900

Detached|Bungalow-Raised
3 | 2 | 4
About this home

INVESTORS: Move-in ready and meticulously maintained, 7 rooms near McMaster at $750/room = $63,000 gross annual rent, approx. $51,000 net before mortgage. 3+4 bedroom detached bungalow, vacant and ready to lease. Roof 2019, furnace 2021, A/C 2022, owned water heater. Main floor has 3 bedrooms, hardwood, quartz kitchen counters, and a new front door, sliding door and interior doors (2022). Lower level has 4 bedrooms, a second kitchen, an updated bath, newer windows and a separate entrance with a new door (2021). Includes 2 fridges, 2 stoves, 2 microwaves, 2 dishwashers, washer and dryer. Previously set up as two separate units. Main-floor laundry was removed, but its electrical and plumbing remain, making it easy to convert back. Over 2,000 sq ft finished. 3-minute walk to transit, approx. 5 minutes to McMaster by bus. Also a clean, well-kept option for parents buying for a student. Don't delay!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,653
Lot Size49 ft x 100 ft
mls© NumberX13830154
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%
$3,813
Property tax
$471
Heat allowance
$150
Housing costs
$4,434 / mo

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

Down payment20% · $148,980
25-yr amortization

Income needed

$136,000

gross annual household income

Payment at 4%
$3,135 / mo
Cash down
$148,980

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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