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Listed 28 days ago

233 Fruitland Road

Stoney Creek, Hamilton

$719,000

Detached|Bungalow-Raised
3 | 2 | 6
About this home

Looking to run your business out of your home? Or live upstairs and rent the rest? This rare mixed-use raised bungalow opportunity in Stoney Creek has a lot to offer. Its perfect for the entrepreneurial buyer who dreams of running their own business while keeping family life steps away. Zoned for professional services including wellness, tutoring, hairdresser, massage massage therapy, childcare, repair or hospitality/short-term rental and more.... Parking for six vehicles, high-visibility frontage, along with direct access to Highway 8 and QEW. Aprox. 2000 square feet of bright living space features hardwood floors, four bedrooms (or three plus office). The office space on the main floor was a Kitchen area in the past and can be easily converted back to the 2nd Kitchen as all plumbing is still there, and Full Bathrm. The ground lvl has a Large kitchen with walkout to the yard, sitting area, full Bathrm and oversized (1.5 car ) garage. Large lot offers a pergola-covered patio, shed and more. Minutes to the lake, schools, soccer fields, arenas, marina, parks, Costco and shopping mall. Own your workplace!

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,650
Lot Size35.76 ft x 169.95 ft
mls© NumberX13757028
Listed ByBOLDT REALTY INC., BROKERAGE

Listing History

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  • 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%
$3,680
Property tax
$388
Heat allowance
$150
Housing costs
$4,218 / mo

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

Down payment20% · $143,800
25-yr amortization

Income needed

$130,000

gross annual household income

Payment at 4%
$3,026 / mo
Cash down
$143,800

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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