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New2 days ago

178 East 15th Street

Inch Park, Hamilton

$639,900

Detached|1 1/2 Storey
4 | 3 | 3
About this home

Welcome to Inch Park, one of Hamilton Mountain's established neighbourhoods, known for its mature trees, charming streets and convenient location. Offering 4+1 bedrooms and 2+1 bathrooms, this versatile property presents an exciting opportunity for homeowners and investors alike. Live in one unit and rent out the other to help offset your mortgage, accommodate extended family, or explore the potential of a full investment property. The main living space features a bright living and dining area with a beautiful bay window and an updated kitchen. Two bedrooms on the main floor offer convenient single-level living, while the upper level provides additional space for bedrooms, guests or a home office. The finished lower level features a separate side entrance, kitchen, living area, bedroom, 3-piece bathroom and its own laundry. Outside, enjoy a fully fenced backyard and a long driveway with parking for three vehicles. Just steps from the shops and cafés along Concession Street, nearby parks and the scenic Mountain Brow trails. And with both units currently vacant, the next owner has the flexibility to make this property work for them from day one!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,765
Lot Size32.68 ft x 102 ft
mls© NumberX14079768
Listed ByReal Broker Ontario 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%
$3,275
Property tax
$397
Heat allowance
$150
Housing costs
$3,822 / mo

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

Down payment20% · $127,980
25-yr amortization

Income needed

$118,000

gross annual household income

Payment at 4%
$2,693 / mo
Cash down
$127,980

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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