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Southam, Hamilton
$659,000
Location, location, location! Situated in a highly desirable neighbourhood close to Mohawk College and the vibrant Mountain Brow, this 1999-built four-level backsplit offers incredible potential for families and savvy investors alike. The main level boasts a bright, open-concept layout that seamlessly connects the living room, dining area, and a classic kitchen equipped with oak cabinetry, a functional island, and a convenient walk-out to a large rear deck and fully fenced backyard. Upstairs, you will find three comfortable bedrooms, primary 4 pc bath, alongside a dedicated bedroom-level laundry room for ultimate convenience. The lower level includes a recently renovated, fully finished basement that showcases a large recreation room, a brand-new three-piece bath, and luxurious heated tile floors-offering an excellent opportunity to rent out space to a student for extra income. Complete with a single-car garage, parking space for four vehicles, and a brand-new furnace, central air conditioning system, and on-demand hot water heater (all under contract and less than one year old), this home just needs a little bit of elbow grease to sparkle the way it used to!
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 16-30 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,497 |
| Lot Size | 29.53 ft x 149.81 ft |
| mls© Number | X13733652 |
| 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%
- $3,373
- Property tax
- $458
- Heat allowance
- $150
- Housing costs
- $3,981 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$122,000
gross annual household income
- Payment at 4%
- $2,773 / mo
- Cash down
- $131,800
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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