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New3 days ago

71 Margate Avenue

Sherwood, Hamilton

$999,990

Detached|2-Storey
4 | 3 | 6
About this home

Welcome to 71 Margate Avenue, ideally situated just steps from Hamilton's stunning Mountain Brow, Kenilworth Stairs and Bruce Trail! Offering an impressive 1,897 sqft above grade plus an additional 904 sqft of finished basement space, this spacious 2-storey home provides nearly 2,800 sqft of finished living space with plenty of room for the entire family.Featuring 4 bedrooms and 3 bathrooms, the main level offers a large, bright living room highlighted by an impressive floor-to-ceiling window, laminate flooring, an eat-in kitchen,separate dining room, and a cozy den with fireplace. Step outside and enjoy the large covered front porch or retreat to the private backyard, where mature privacy hedges surround a fenced-in inground pool, perfect for summer entertaining and relaxing with family and friends.The fully finished basement adds valuable additional living space and features a separate walk-up entrance to the yard, offering excellent potential for an in-law suite, extended family living, home office, recreation space, or additional accommodations.A double car garage provides convenient inside entry to the home along with a separate exterior door to the side yard, while the 4 car concrete driveway offers plenty of additional parking.With generous storage throughout, multiple living spaces, a private backyard and a highly versatile floor plan, there is plenty of room to make this home your own.All of this in a fantastic Hamilton Mountain location surrounded by some of the city's best outdoor amenities, walking trails, escarpment views and recreation. A wonderful opportunity to enjoy space, versatility and an exceptional location!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$7,133
Lot Size60.4 ft x 110.2 ft
mls© NumberX13857786
Listed ByRE/MAX ESCARPMENT REALTY INC.

Listing History

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  • 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%
$5,118
Property tax
$594
Heat allowance
$150
Housing costs
$5,863 / mo

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

Down payment20% · $199,998
25-yr amortization

Income needed

$180,000

gross annual household income

Payment at 4%
$4,208 / mo
Cash down
$199,998

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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