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Southam, Hamilton
$499,900
Welcome to Southam's hidden gem! A fully detached, fully updated 3-bedroom home offering incredible value! Don't be fooled by the charming cottage-like exterior; step inside to a bright, surprisingly spacious interior where every inch has been beautifully finished. The open-concept living area flows seamlessly into the updated eat-in kitchen, featuring vaulted ceilings that create an airy, open feel. Walkouts from both the kitchen and living room lead to a new deck with privacy screen and high-end Trex decking, overlooking your private, fully fenced backyard. This home is completely turnkey, and recently underwent permitted, engineer approved structural and electrical updates. Ideally located just 5 minutes from downtown Hamilton and within walking distance to Mohawk College and St. Joe's West 5th. No shared walls, no condo fees, and no need to sacrifice style or outdoor space for affordability. First-time buyers, this one is worth a look!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,413 |
| Lot Size | 26.33 ft x 75 ft |
| mls© Number | X13824258 |
| 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%
- $2,559
- Property tax
- $284
- Heat allowance
- $150
- Housing costs
- $2,993 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$92,000
gross annual household income
- Payment at 4%
- $2,104 / mo
- Cash down
- $99,980
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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