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New3 days ago

1 Welbourn Drive

Balfour, Hamilton

$719,000

Detached|Bungalow
3 | 2 | 3
About this home

Beautiful Legal Duplex or Two Family Dwelling situated in a fabulous area close to parks, shopping, schools and transit. This renovated and well-maintained home is an amazing opportunity for multi-generational living or savvy homeowner looking to off-set their mortgage. Be amazed with open concept layout and new vinyl flooring throughout. Two separately contained units that can be reversible back to have open-access featuring ensuite laundry, extended driveway for 3 cars, beautiful oversized deck.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,820
Lot Size40 ft x 117 ft
mls© NumberX14031746
Listed ByRIGHT AT HOME REALTY

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%
$3,680
Property tax
$402
Heat allowance
$150
Housing costs
$4,232 / mo

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

Down payment20% · $143,800
25-yr amortization

Income needed

$130,000

gross annual household income

Payment at 4%
$3,026 / mo
Cash down
$143,800

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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