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Listed 17 days ago

1236 King Street W

Westdale, Hamilton

$950,000

Detached|2 1/2 Storey
5 | 3 | 3
About this home

Rare opportunity in Westdale, steps from McMaster's front door, no bus required. A location students and investors rarely get the chance to secure. This 2.5 storey Tudor style home offers genuine curb appeal and over 2,800 sq ft of total living space, larger than most homes in the area and full of character throughout. The large, bright kitchen features skylights that flood the space with natural light, gleaming floors run through the home, original wood trim has been preserved, and the home has updated the electrical and plumbing. Currently set up with 7 student bedrooms, with two additional rooms having been used as bedrooms in the past, this home offers real flexibility for rental income or for a purchaser who wants an extra room for their own children. The loft bedroom becomes vacant this December, giving a purchaser the option to move in and claim that space right away. There is a bathroom on every floor for convenience, plus a newly renovated lower level bathroom, new carpet in the lower level, newer interior doors throughout, new flooring on the main level, and a new garage door. Parking is no issue with a 2 car driveway plus garage. This home has a long history of quality student tenants and was once the residence of a McMaster music professor, adding to its unique character. A rare and special offering in this sought after neighbourhood, properties like this do not come up often.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$8,870
Lot Size42.79 ft x 125 ft
mls© NumberX13804960
Listed ByROYAL LEPAGE REALTY PLUS OAKVILLE

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%
$4,863
Property tax
$739
Heat allowance
$150
Housing costs
$5,752 / mo

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

Down payment20% · $190,000
25-yr amortization

Income needed

$177,000

gross annual household income

Payment at 4%
$3,998 / mo
Cash down
$190,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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