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Ainslie Wood, Hamilton
$649,900
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!
No extras listed.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,606 |
| Lot Size | 45.67 ft x 99.45 ft |
| mls© Number | X13840190 |
| Listed By | MICHAEL 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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