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Listed 17 days ago

401 - 30 Summit Avenue

Burkholme, Hamilton

$134,900

Condo Apartment |
1 | 1 | 1 | 0
About this home

Stop renting and start owning! Unit 401 offers an affordable opportunity to get into the Hamilton real estate market with monthly costs that could be close to-or even less than-what you're paying in rent. This bright 1-bedroom condo is located on Hamilton's desirable North Mountain, close to Upper Wentworth, the Brow, shopping, transit, parks, and everyday conveniences. The functional layout makes excellent use of the space, while the private east-facing balcony is the perfect spot to enjoy your morning coffee and catch the sunrise. You'll also appreciate the convenience of in-suite laundry with a newer washer and dryer, plus one assigned underground parking space. Whether you're a first-time buyer looking to escape the rental cycle, a downsizer seeking affordability, or an investor looking for a solid opportunity, Unit 401 makes homeownership surprisingly attainable. Why pay someone else's mortgage when you could be building equity in your own home?

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age51-99
Size500-599 sq. ft.
Maintenance Fees$1,041
LockerNone
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,374
mls© NumberX13850452
Listed ByRE/MAX ESCARPMENT GOLFI REALTY INC.
Heat Included
Common Elements Included
Building Insurance Included
Water Included
Parking Included
Cable TV Included

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%
$690
Property tax
$115
Heat allowance
$150
Condo fees, half counted
$520
Housing costs
$1,475 / mo

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

Down payment20% · $26,980
25-yr amortization

Income needed

$45,000

gross annual household income

Payment at 4%
$568 / mo
Cash down
$26,980

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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