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Gourley, Hamilton
$949,000
INVESTMENT OPPORTUNITY IN AN AMAZING LOCATION! Welcome to this beautifully positioned corner property, ideally located directly across from James MacDonald Elementary School. This spacious 3-bedroom, 3-bathroom home offers a fantastic combination of comfortable family living and income potential. Step inside to a welcoming front living room featuring impressive tall arched ceilings that create an open and airy first impression. The home offers generous living spaces throughout, complemented by a large, spacious grassy backyard - perfect for families, entertaining, or enjoying the outdoors. The property's standout feature is the basement, which has been configured with two separate units, each featuring its own kitchen and bathroom, along with separate access to the basement units for added privacy and convenience. This unique layout provides excellent flexibility for additional living space or potential rental use. With its corner lot, excellent location, spacious layout and versatile basement configuration, this property offers tremendous flexibility for homeowners and investors alike. Located directly across from James MacDonald Elementary School and close to everyday amenities, this is an opportunity you won't want to miss!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 16-30 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,348 |
| Lot Size | 38.85 ft x 131.07 ft |
| mls© Number | X13841208 |
| Listed By | RE/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%
- $4,857
- Property tax
- $529
- Heat allowance
- $150
- Housing costs
- $5,536 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$170,000
gross annual household income
- Payment at 4%
- $3,994 / mo
- Cash down
- $189,800
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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