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Price Change$925,000

48 Margate Avenue

Sherwood, Hamilton

$899,900

Detached|Sidesplit 4
3 | 2 | 4
About this home

Beautifully maintained 4 level side split in one of the nicest areas of the Hamilton mountain. Located on a quiet street off the prestigious Mountain Brow, this home is situated in a small copse of old growth trees from the original farmland in the area. A mix of original character &updated features provides a sense of comfort the minute you walk through the door. A bright living room with bay window & gas fireplace. A showpiece kitchen with white cabinets, quartz counters, marble backsplash & s/s appliances open to the dining room. Three good sized bedrooms & 4-piece bathroom on the upper floor. The lower level provides space for a home office & den set-up with patio doors to the yard. The lowest level features a cozy rec room, a 4th bedroom, 4-piece bathroom, laundry room & large crawl space for loads of storage. The garage is fully insulated & used as a home gym with inside entry to the home. The private, fully fenced, treed yard will capture you as soon as you walk outside. This is a one-of-a-kind property, where you don't need to go up north to feel within nature. An insulated workshop with hydro for the hobbyist completes the space, it is 20ft x 12ft. Located in a highly sought-after area close to some of Hamilton Mountain's best schools, scenic hiking trails, escarpment views overlooking the city & Lake Ontario & numerous amenities. A rare opportunity to own a home with character, versatility & an extraordinary natural setting.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit 4
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,762
Lot Size60.25 ft x 112.46 ft
mls© NumberX13867204
Listed ByRoyal LePage Burloak Real Estate Services

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%
$4,606
Property tax
$480
Heat allowance
$150
Housing costs
$5,236 / mo

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

Down payment20% · $179,980
25-yr amortization

Income needed

$161,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$179,980

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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