24 Brucedale Avenue W
Southam, Hamilton
$529,000
Fantastic opportunity on a large 50 x 150 ft lot! This spacious detached 2-storey home offers a unique investment opportunity with an established rental setup. The property offers a practical layout, excellent rental income and a substantial lot in a convenient Hamilton location. Whether you're looking to add an income-producing property to your portfolio or explore the possibilities offered by this large lot and well-located property, this is an opportunity worth investigating. Conveniently located close to transit, shopping, restaurants, amenities and major commuter routes. An excellent opportunity for investors seeking an established rental property with future potential.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,700 |
| Lot Size | 50 ft x 150 ft |
| mls© Number | X13855520 |
| Listed By | Keller Williams Edge 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%
- $2,708
- Property tax
- $308
- Heat allowance
- $150
- Housing costs
- $3,166 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$97,000
gross annual household income
- Payment at 4%
- $2,226 / mo
- Cash down
- $105,800
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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