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Listed 12 days ago

15 Mapes Avenue

Westdale, Hamilton

$699,900

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

Welcome to 15 Mapes Avenue! This versatile and spacious home sits on a quiet, family-friendly street just minutes from McMaster University and the offerings of Westdale. Offering an exceptional layout with 2 bedrooms on the second floor plus 3 additional bedrooms in the finished basement, this property is ideally suited to families, investors, students, or those looking for excellent live-and-rent potential. The main floor is designed for comfortable everyday living, featuring a welcoming foyer, bright living room, separate dining room and functional kitchen, along with a convenient 4-piece bathroom. A charming 15' sunroom extends the living space and offers a wonderful spot to relax, work from home or enjoy views of the backyard. Upstairs, two well-proportioned bedrooms provide comfortable private accommodations. The finished lower level adds significant versatility, with three additional bedrooms, a 3-piece bathroom and a generous laundry/furnace room-ideal for extended family, guests, student accommodations or potential rental income. Outside, the deep lot offers a substantial backyard with plenty of room for children, entertaining, gardening or future enhancements, while the carport provides convenient additional parking. Just minutes from McMaster University, transit, parks, shops and everyday amenities, this is an opportunity to create a home that works for you-or capitalize on the strong demand of this highly convenient location.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$6,500
Lot Size40 ft x 100 ft
mls© NumberX13820106
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%
$3,582
Property tax
$542
Heat allowance
$150
Housing costs
$4,274 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

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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