The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
{STEP INSIDE} Three separate units on one lot in the heart of Hamilton: a 2 bedroom, a 1 bedroom & a single room apartment. This detached single storey triplex is a permitted use under the existing zoning, which is the first thing a serious buyer wants confirmed. Whether the plan is to hold, improve or both, there are three units to work with. It is a unique find, and not one that comes up often. It suits the buyer who likes to run the numbers first and then get hands-on. {UNIT 1} Laminate flooring runs through the foyer, living room & bedroom one, a practical start that sets the tone for the unit. The kitchen has a fridge, linoleum flooring & a backsplash. Bedroom one has its own 2pc ensuite, so the primary bedroom has a bathroom to itself, a real convenience. A second bedroom & a 4pc bath with ceramic flooring round out the unit. Two bedrooms, two baths, all on a single floor. {UNIT 2} The kitchen has a fridge, range hood & ceramic flooring. A bedroom with a ceiling fan, a family room, a 3pc bath with tile flooring & a laundry room complete the unit, all on the ground level. Laundry inside the unit keeps the daily routine simple, and one floor means no stairs to think about. {UNIT 3} A single room apartment with the bedroom, kitchen & living space all in one open room, plus a 3pc bath with ceramic flooring. A simple layout that is easy to understand at a glance, with plenty of room for a hands-on buyer to put their own stamp on it. {LOCATION} A very walkable pocket of Hamilton, where daily errands stay close to home. A nearby address scores 82 on Walk Score, with good transit & bike access. HSR bus routes run close by, including Cannon, King, Barton & Mohawk, so getting across the city does not depend on a car. Gage Park, Montgomery Park & Red Hill Bowl are all in the area for weekend walks & fresh air. Three units, one address & a location that works for all of them.(1,906 characters)
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,179/mo
Mortgage (principal + interest)$1,642
Property taxFrom listing: $6,444/yr$537
Minimum $21,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$87,800
Ontario land transfer taxProvincial brackets, no first-time refund$5,255
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$95,855
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Hamilton has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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