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Price Change$679,900

47 Broadway Avenue

Ainslie Wood, Hamilton

$649,900

Detached|Bungalow
2 | 2 | 1
About this home

Not just steps to McMaster University. Step outside your front door and you can see it! Skip the commute and get to campus in just a few short minutes on foot. This bright and versatile 2+3 bedroom home offers tremendous potential in an A+ location. With a second kitchen on the lower level and 2 full bathrooms, the layout opens up plenty of possibilities. Live on the main level and rent out the lower level, create a separate in-law setup, or purchase with friends and make it your own. With parking for up to 3 vehicles, bright sun-filled bedrooms and flexible living space, this is an excellent option for students, parents, investors or those looking for multigenerational living. An exceptional opportunity to own this close to McMaster at a great price. Location, flexibility and tremendous value all in one.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,311
Lot Size40 ft x 90 ft
mls© NumberX13701634
Listed ByROYAL LEPAGE STATE 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%
$3,326
Property tax
$443
Heat allowance
$150
Housing costs
$3,919 / mo

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

Down payment20% · $129,980
25-yr amortization

Income needed

$121,000

gross annual household income

Payment at 4%
$2,735 / mo
Cash down
$129,980

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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