A spacious detached Hamilton home with an updated kitchen, finished basement, and 7 parking spots. Located in a prime spot, this property is perfect for anyone looking for a stunning home with plenty of room.
Main Highlights:
- Listed Price: $899,000
- 3-bedroom, 5-bathroom home on a 60×161 lot in Hamilton
- Updated kitchen with stainless steel appliances, wood floors, and large windows
- The second floor has a laundry room, an oversized primary bedroom with an ensuite, a secondary bedroom with an ensuite, and a third large bedroom
- Fully finished basement with 3-piece bathroom, wet bar, and separate entrance
- Close to shopping, highways, public transit, and schools
- Meticulously maintained home in a sought-after, family-friendly neighbourhood.
Key Facts:
- Annual Tax: $5,280 / 2023
- Property Type: Detached
- Size: 1891 feet²
- Lot Dimensions: 1891 feet²
- Parking: 3 garages, Total 7 Parking
- Basement: Full, Partially Finished, Separate Entrance
Our Take – Why do we think this is a good deal?
This spacious property sits on a huge 60×161 lot and features modern rooms perfect for comfortable living. The fully finished basement with a separate entrance adds versatility. Further, This home is not only spacious but also offering great value for both living and investment.
Numbers are given below –
How much it will cost you to buy this property?
If you plan to buy this property and lock the deal at below 3% from the current listing price, you will need about $187k to cover all closing costs. Below is a detailed cost breakdown:
Buying Price | 872,903 |
Down Payment (20%) | 174,581 |
Closing fees (Approx) | 11,893 |
Total Funds required at closing | 186,474 |
How much it will cost you monthly to hold this property?
If the mortgage interest rate is approximately 5% and the amortization period spans 25 years, your monthly mortgage payment would be around $4,082 to maintain ownership of this property. Here’s a detailed breakdown:
Mortgage Payment | 4,082 |
Property Taxes (Approx) | 416 |
Condo fee | 0 |
Total monthly cost | 4,499 |
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