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New4 days ago

78 Hillyard Street E

Industrial Sector, Hamilton

$559,999

Detached|1 1/2 Storey
4 | 4 | 6
About this home

A rare and versatile opportunity for investors, entrepreneurs, and buyers seeking a substantially renovated property with exceptional flexibility and future potential. Extensively renovated from top to bottom, this move-in-ready property features 4 spacious bedrooms, 4 full bathrooms, 2 modern kitchens, and a separate basement entrance, offering excellent versatility for large families and additional income potential, subject to applicable requirements. Major upgrades include new electrical wiring with 200-amp service, updated plumbing, a newer furnace, central air conditioning, insulation, drywall, siding, roofing, gutters, flooring, widened water service line, new water meter, new gas meter, and a new water heater. Both kitchens feature brand-new Samsung appliances, while all bathrooms have been completely renovated with modern finishes. Situated on a prominent corner lot, the property offers 6+ parking spaces, two separate access gates, a new concrete driveway, metal-roof carport, full vinyl fencing, and a spacious backyard. The M6 zoning designation provides an opportunity to explore a variety of permitted and conditional uses, making this property particularly attractive to buyers looking for flexibility beyond a traditional residential investment. Conveniently located with a bus stop at the doorstep and just minutes from West Harbour GO Station, Downtown Hamilton, waterfront parks, shopping, and quick QEW access to Toronto and Niagara. A unique combination of extensive renovations, versatile interior space, significant parking, corner-lot exposure, strategic location, and M6 zoning offering investors and buyers an exciting opportunity to explore the possibilities. Buyers and their representatives are encouraged to verify specific permitted uses, regulations, and municipal requirements for their intended use directly with the City of Hamilton.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$2,102
Lot Size36.56 ft x 102 ft
mls© NumberX13849830
Listed ByRIGHT AT HOME REALTY

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%
$2,866
Property tax
$175
Heat allowance
$150
Housing costs
$3,192 / mo

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

Down payment20% · $112,000
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,357 / mo
Cash down
$112,000

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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