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New4 days ago

150 Howard Avenue

Balfour, Hamilton

$795,000

Detached|Bungalow
3 | 2 | 5
About this home

*Legal Duplex - Fully Renovated Bungalow on Hamilton Mountain**Excellent opportunity for first-time buyers, investors, or multi-generational families. This fullyrenovated legal duplex offers 3+2 bedrooms, 2 full bathrooms, and 2 fully equipped kitchens,making it ideal for extended family living or strong rental income potential. This solid brickbungalow features a separate side entrance, quality upgrades throughout, and brand-newappliances. Bright, clean, and move-in ready, the property shows exceptionally well with ampleparking available. Located in a prime Central Mountain neighbourhood, just steps to MohawkCollege and St. Joseph's Healthcare Hamilton, and close to transit, schools, shopping, highways,restaurants, cafés, grocery stores, and all major amenities. Endless possibilities for homeowners and investors alike.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,746
Lot Size50.6 ft x 103.1 ft
mls© NumberX13851228
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%
$4,069
Property tax
$395
Heat allowance
$150
Housing costs
$4,615 / mo

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

Down payment20% · $159,000
25-yr amortization

Income needed

$142,000

gross annual household income

Payment at 4%
$3,345 / mo
Cash down
$159,000

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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