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New5 days ago

205 Lottridge Street

Stipley, Hamilton

$385,000

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

Welcome to this well-maintained detached 2-storey home offering 3 bedrooms, 1.5 bathrooms, and convenient rear parking. The home features spacious formal living and dining rooms, providing plenty of room for both everyday living and entertaining. The kitchen and bathrooms have been updated within the last few years, while important mechanical updates include a furnace (2023), A/C (2023), electrical panel (2023), and owned water heater (2023).Enjoy both front and rear porches, a fenced backyard, and the convenience of private parking for one vehicle at the rear of the home. The attic also offers potential to be finished, creating an opportunity for additional living space to suit your needs.Ideally located close to Tim Hortons Field, public transit, parks, schools, shopping, and other amenities. A great opportunity for first-time buyers, families, or investors looking for a detached home with parking and future potential.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,507
Lot Size20 ft x 90 ft
mls© NumberX13844024
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%
$1,971
Property tax
$209
Heat allowance
$150
Housing costs
$2,330 / mo

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

Down payment20% · $77,000
25-yr amortization

Income needed

$72,000

gross annual household income

Payment at 4%
$1,620 / mo
Cash down
$77,000

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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