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Fessenden, Hamilton
$709,000
Rare opportunity on the desirable West Hamilton Mountain! This spacious 4-level backsplit offers approx. 2,100 sq ft of finished space with 7 bedrooms, 2 bathrooms, 2 full kitchens and separate entrances for each unit. Live in it as one large multi-generational home, rent out both units, or live in one and let the other help pay the mortgage. Currently rented at $2,650/mo for the 3-bedroom main unit and $2,670/mo for the 4-bedroom lower unit ($5,320/mo combined). Can be delivered vacant on closing. Only two owners in 24 years and meticulously maintained. Single-car garage plus driveway parking for 3 to 4 cars. Near Mohawk Rd W and Upper Paradise Rd, close to schools, Mohawk College, St. Joseph's West 5th Campus, Westmount Recreation Centre, Lime Ridge Mall, HSR transit and the Chedoke Radial and Bruce Trails. Quick access to the Linc and Hwy 403 for Burlington, Aldershot GO and the GTA.
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,242 |
| Lot Size | 47.25 ft x 100 ft |
| mls© Number | X14034708 |
| Listed By | KELLER WILLIAMS REFERRED URBAN REALTY |
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%
- $3,629
- Property tax
- $437
- Heat allowance
- $150
- Housing costs
- $4,216 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$130,000
gross annual household income
- Payment at 4%
- $2,984 / mo
- Cash down
- $141,800
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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