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Macassa, Hamilton
$589,899
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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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,236 |
| Lot Size | 46 ft x 100 ft |
| mls© Number | X14029352 |
| Listed By | ZUMIN 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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