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Listed 1 month ago

35 Chestnut Avenue

Gibson, Hamilton

$550,000

Detached|2 1/2 Storey
4 | 2 | 2
About this home

Must-See Detached Brick Home with Double-Car Garage on a Corner Lot! Welcome to this charming detached brick home, ideally situated on a desirable corner lot featuring a spacious double-car garage and inviting front porch. The home offers a functional layout with nicely updated interiors, modern lighting, updated flooring, and thoughtful improvements throughout.The bright and functional main kitchen features updated appliances and a walkout to a private concrete patio, creating a great space for outdoor dining and entertaining.Income-Generating Basement: The fully finished basement features a separate side entrance, its own kitchen, and dedicated laundry, making it ideal for rental income or multi-generational living.Property Features & Updates Include:Double-car garageDesirable corner lotInviting covered front porchUpdated flooringModern LED lighting and pot lightsUpdated kitchen and appliancesRenovated basement kitchenSeparate basement entranceDedicated basement laundryFully finished basementCurrently rented both upstairs and in the basement, providing an excellent opportunity for investors or buyers looking for a property with rental income potential.With its corner-lot location, double-car garage, functional layout, finished basement, and established rental setup, this home offers a great combination of comfortable living and investment potential. A wonderful opportunity for homeowners and investors alike!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,301
Lot Size28 ft x 68 ft
mls© NumberX13743264
Listed BySERIK 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%
$2,815
Property tax
$275
Heat allowance
$150
Housing costs
$3,240 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$100,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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