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Hamilton Beach, Hamilton
$1,999,000
A Perfect Home for Sale with an outstanding City Zoning of 1436-B Zoning which allows:- Retirement home, Senior Home, Care Home, Lodging Home. 6 Bathrooms and 4 Bedrooms, 1 Large Hall, 2 more Large Rooms. 15 to 20 bed for Retirement Home Many Windows and Lots of Sun Light. Private Yard and a Deck. All Paved and Fenced with a small back Garden. Fully Renovated Home opposite to Lake Ontario Sandy Beaches on the BEACH BLVD. Perfect for Care Homes Operations. Papers are under process to get City Permit. Worth Viewing.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $5,040 |
| Lot Size | 58 ft x 162.03 ft |
| mls© Number | X13871264 |
| Listed By | HOMELIFE/MIRACLE REALTY LTD |
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%
- $10,232
- Property tax
- $420
- Heat allowance
- $150
- Housing costs
- $10,802 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$332,000
gross annual household income
- Payment at 4%
- $8,412 / mo
- Cash down
- $399,800
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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