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Southam, Hamilton
$749,000
The work is done, the big-ticket updates are taken care of, and this beautifully updated West Mountain home is ready for you to simply move in and enjoy! Looking for a home that can help offset your monthly costs? The lower level is equipped with a separate entrance, full kitchen, bedroom, laundry and egress windows, offering incredible potential for additional rental income or extended family living. This home has been extensively updated throughout over the past five years, including electrical with ESA, plumbing, flooring, pot lights, windows, exterior doors, trim and stainless steel appliances. More recent improvements include the roof, water heater, sump pump, exterior waterproofing, backyard regrading and a French drain system for improved water management. The driveway has also been widened to provide additional parking. Ideally located across from St. Joseph's Healthcare and within walking distance to Mohawk College and Hillfield Strathallan College, with convenient access to transit, amenities and major routes. Turn-key, versatile and packed with updates, all that's left to do is make it yours!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,168 |
| Lot Size | 44 ft x 90 ft |
| mls© Number | X13805050 |
| Listed By | RE/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%
- $3,834
- Property tax
- $431
- Heat allowance
- $150
- Housing costs
- $4,414 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$136,000
gross annual household income
- Payment at 4%
- $3,152 / mo
- Cash down
- $149,800
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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