48 Burton Street
Industrial Sector, Hamilton
$474,900
Cute starter or retirement home in an established Hamilton neighbourhood. Close to hospitals, transportation, and 1.5 kms from West Harbour Go station for an easy commute into the city. Fully finished basement with lock-off to mail house, shared laundry room, kitchenette and bathroom. House professionally renovated in 2018. Property is tenant occupied but possession is available for a quick close in 30-45 days. Beautiful private yard with rear lane parking available. Nice deck out back and cozy porch out front. All new mechanicals in 2020, roof 2019. Basement waterproofed and back check valve installed in 2018. *For Additional Property Details Click The Brochure Icon Below*
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,601 |
| Lot Size | 22 ft x 95 ft |
| mls© Number | X14085050 |
| Listed By | ICI SOURCE REAL ASSET SERVICES INC. |
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%
- $2,431
- Property tax
- $217
- Heat allowance
- $150
- Housing costs
- $2,797 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$86,000
gross annual household income
- Payment at 4%
- $1,998 / mo
- Cash down
- $94,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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