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Southam, Hamilton
$849,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,154 |
| Lot Size | 34 ft x 100 ft |
| mls© Number | X13863754 |
| Listed By | ROYAL 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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