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Listed 25 days ago

39 Chester Road

Stoney Creek, Hamilton

$799,900

Detached|2-Storey
4 | 3 | 8
About this home

Fantastic Opportunity for a Multi-Generational Family! This spacious detached home in the family-friendly Eastdale/Poplar Park neighbourhood is ideally located in the heart of Stoney Creek. Zoned R1, the property is currently configured with 3 separate living units, each with its own separate hydro meter, offering exceptional flexibility for investors, extended families, or buyers seeking versatile living arrangements. Unit 1 features 1 bedroom and 1 bathroom on the main level. Unit 2 offers 2 bedrooms and 1 bathroom on the upper level, while Unit 3 is a 1-bedroom, 1-bathroom lower-level unit with a walkout. The property has 3 separate entrances, with each living area providing two access points. Set on a generous 65' x 125' pool-sized lot, the deep backyard provides plenty of room for children to play, outdoor entertaining, gardening, or simply enjoying the privacy and mature shade. With 4 bedrooms, 3 kitchens, 3 bathrooms, multiple living areas and 8 parking spaces on a triple-wide driveway, there is an abundance of space and functionality. Approximately 2,489 sq. ft. of living space, with a 2019 roof, 2015 furnace, newer flooring and fresh paint. Conveniently located close to schools, parks, public transit, shopping and major highway access for commuters travelling to Toronto and beyond. Currently vacant and available for immediate possession. A rare opportunity offering space, flexibility and multiple possibilities in a desirable Stoney Creek location.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,013
Lot Size65.13 ft x 125.25 ft
mls© NumberX13771260
Listed ByRE/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%
$4,094
Property tax
$418
Heat allowance
$150
Housing costs
$4,662 / mo

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

Down payment20% · $159,980
25-yr amortization

Income needed

$143,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

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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