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New6 days ago

63 Ofield Road

Ainslie Wood, Hamilton

$649,900

Detached|Bungalow
4 | 2 | 3
About this home

Location and functionality! 63 Ofield Rd offers endless potential for the first time buyer, downsizer, house-hacker or investor alike. Situated in Ainslee Wood West on a quiet street, yet close to bus routes, highway access, Mc Master University and local amenities. The home features a basement in-law suite with rear entrance which has the potential to be utilized to generate monthly income or be converted back into a single family for those looking for more space. The main floor features 3 bedrooms and a full bath while the basement has a bedroom and den for storage or home office. Ample parking and carport, and a private backyard for entertaining, not one to miss!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,606
Lot Size45.67 ft x 99.45 ft
mls© NumberX13840190
Listed ByMICHAEL ST.JEAN 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%
$3,326
Property tax
$467
Heat allowance
$150
Housing costs
$3,944 / mo

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

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

Income needed

$121,000

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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