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New4 days ago

623 Upper Sherman Avenue

Macassa, Hamilton

$589,899

Detached|Bungalow
2 | 2 | 6
About this home

Calling all investors, first-time buyers and multi-generational families! Welcome to 623 Upper Sherman Avenue, a versatile property offering an excellent combination of space, flexibility and income potential. Featuring 2 + 1 bedrooms on the main floor and a separate 2 bedroom basement in-law suite in the basement, this property is ideal for extended families seeking independent living arrangements or buyers looking to explore additional rental income opportunities. The separate side entrance provides convenient access to the basement suite, offering added privacy and flexibility for occupants. With two kitchens and five bedrooms in total, the property provides multiple living possibilities to suit a variety of needs. Another standout feature is the generous parking capacity for up to 6 vehicles, a valuable advantage for larger households, extended families or potential tenants. Whether you're looking to live in one unit while exploring income potential from the other, accommodate multiple generations under one roof, or add a flexible property to your real estate portfolio, 623 Upper Sherman Avenue offers plenty of possibilities. Conveniently situated in Hamilton, close to schools, parks, shopping, public transit and everyday amenities. A property with space, flexibility and income potential - an opportunity you won't want to miss!Book your showing today!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,236
Lot Size46 ft x 100 ft
mls© NumberX14029352
Listed ByZUMIN REAL ESTATE CENTRE

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%
$3,019
Property tax
$353
Heat allowance
$150
Housing costs
$3,522 / mo

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

Down payment20% · $117,980
25-yr amortization

Income needed

$108,000

gross annual household income

Payment at 4%
$2,482 / mo
Cash down
$117,980

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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