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New4 hours ago

187 West 2nd Street

Southam, Hamilton

$849,000

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

Welcome to 187 West 2nd, located in a prime area of Hamilton with endless potential for investment or move-in. Recently renovated with $$$ throughout and high-quality materials, this home offers 4+1 bedrooms and 3 full bathrooms. Whether you're searching for a family home with room to grow or an investment with future possibilities, A separate side entrance provides huge rental income potential. The spacious backyard has a pool for entertaining guests an dendless BBQs. Just a short walk to Mohawk College, Walmart, coffee shops, restaurants, and everyday conveniences, with easy access to public transit and Mountain access, everything you need is within easy reach. Hot water tank rented; pool is as-is- professionally opened and closed; new flooring throughout; new windows ; basement completely renovated recently; roof repaired/improved 2025, ac 2024, POOL PUMP 2024.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,154
Lot Size34 ft x 100 ft
mls© NumberX13863754
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.

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%
$4,346
Property tax
$430
Heat allowance
$150
Housing costs
$4,925 / mo

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

Down payment20% · $169,800
25-yr amortization

Income needed

$152,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

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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