23 Forsyth Avenue S
Westdale, Hamilton
$959,000
Investor's Dream! Turnkey income property right across the street from McMaster University. Leased to responsible students for $5772/month and is fully licensed with the City of Hamilton. The property features 9 bedrooms, 2 separate kitchens, 3 bathrooms, 2 laundries. It is nicely upgraded and includes laminate flooring in most areas, updated bathrooms, high efficiency furnace, newer roof (2019) and much more! Parking for 3 cars onsite. Don't miss this opportunity.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $8,269 |
| Lot Size | 40.17 ft x 104 ft |
| mls© Number | X14089604 |
| Listed By | RE/MAX ESCARPMENT REALTY 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%
- $4,909
- Property tax
- $689
- Heat allowance
- $150
- Housing costs
- $5,748 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$177,000
gross annual household income
- Payment at 4%
- $4,036 / mo
- Cash down
- $191,800
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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