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Listed 1 month ago

20 Somerset Avenue

Gibson, Hamilton

$498,888

Detached|2-Storey
3 | 2 | 1
About this home

Welcome to this fully renovated home Upgraded from top to bottom, this bright and spacious home, located in the sought after Gibson-Stipley neighborhood is turn-key and ready for you to move in immediately! The main level features open-concept kitchen and living with an upgraded flooring throughout ,Separate dinning room that can be used as the 4th Bedroom .Upgraded 3-piece full bathroom on the mane floor with Standing shower and glass door . The spacious custom kitchen with bright white cabinetry, SS appliances ,Quartz counter-top and backsplash. The second level features 3 bedrooms and a 3-piece bath modern sink vanity and glass standing shower. The fully-finished lower level has plenty of additional space . The spacious backyard is fully fenced . Close to some of the best Hamilton has to offer! Playhouse Cinema, Tim Hortons field, a variety of bars and restaurants, public transit, school, hospital and many more.A fantastic opportunity for first-time home buyers-simply move in and enjoy! Please note some pictures are virtually staged.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,904
Lot Size24.02 ft x 90 ft
mls© NumberX13729260
Listed ByRE/MAX REALTY 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%
$2,554
Property tax
$242
Heat allowance
$150
Housing costs
$2,946 / mo

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

Down payment20% · $99,778
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$2,099 / mo
Cash down
$99,778

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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