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New14 hours ago

6 Kelso Street

Centremount, Hamilton

$1,248,000

Detached|Bungalow
5 | 4 | 6
About this home

Excellent opportunity for homeowners, owner-operators, investors and developers! Situated on a prominent 120 ft. 100 ft. corner lot in Hamilton's desirable Centremount neighbourhood, this fully renovated detached bungalow offers exceptional flexibility and potential. The property benefits from legal non-conforming status for a day nursery accommodating up to 25 children, as well as a residential care facility or retirement home accommodating up to six residents. Ideal opportunity for childcare operators, retirement and residential care providers, or investors seeking a property with multiple potential uses. The interior has been extensively updated with new flooring and fresh paint throughout. The approximately 12,000 sq. ft. lot also offers potential for future residential redevelopment or severance, subject to municipal approvals. All uses, occupancy limits and development opportunities are subject to applicable municipal requirements and buyer verification.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age31-50
Size2500-3000 sq. ft.
Property Tax$9,904
Lot Size120 ft x 100 ft
mls© NumberX14087026
Listed ByPROMPTON REAL ESTATE SERVICES CORP.

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%
$6,388
Property tax
$825
Heat allowance
$150
Housing costs
$7,363 / mo

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

Down payment20% · $249,600
25-yr amortization

Income needed

$227,000

gross annual household income

Payment at 4%
$5,252 / mo
Cash down
$249,600

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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