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New6 days ago

73 Appleblossom Drive

Gourley, Hamilton

$949,000

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

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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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$6,348
Lot Size38.85 ft x 131.07 ft
mls© NumberX13841208
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%
$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.

Down payment20% · $189,800
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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