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Stipley, Hamilton
$679,000
Welcome to this beautifully renovated, turnkey detached home offering modern living with the added benefit of rental income. The bright and spacious main residence features 3 generous bedrooms, large windows, brand-new flooring, stainless steel appliances, and a stylish breakfast bar, ideal for comfortable family living and entertaining. The complete finished 2-bedroom basement apartment features a separate kitchen and brand-new appliances. Currently rented for $1,200/month, the basement provides valuable additional income to help offset the homeowner's monthly expenses while enjoying the main residence upstairs.Enjoy the beautiful backyard, perfect for relaxing or entertaining, along with one convenient front parking space. Combining timeless character with contemporary finishes, this home is in a highly walkable neighbourhood with a 92 Walk Score, just steps from parks, public transit, Tim Hortons Field, shopping, and everyday amenities. A fantastic opportunity for a homeowner looking to enjoy a fully renovated 3-bedroom home while benefiting from additional basement rental income. Move in, enjoy the space, and let the rental income help with the monthly costs.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,218 |
| Lot Size | 30 ft x 68.5 ft |
| mls© Number | X13748344 |
| Listed By | GFA REALTY LTD. |
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%
- $3,475
- Property tax
- $268
- Heat allowance
- $150
- Housing costs
- $3,894 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$120,000
gross annual household income
- Payment at 4%
- $2,857 / mo
- Cash down
- $135,800
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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