131 EMERSON Street, Hamilton, Ontario, L8S2X7




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$1,300,000
Hamilton
This 3-bedroom, 3-bathroom home in Hamilton is for sale offering roughly 2,300 sq ft of space. It has been on the market 42 days, fresher than the Hamilton average of 65 days.
One of the best income properties near McMaster this property is a proven moneymaker! The present owner has maintained this property since 1998 and regrets that she can longer do so. She offers it to discerning investors or as a multigenerational home. The original home features 6 bedrooms and 2 bathrooms and could be used as a family home. The 1998 addition would provide income to pay the bulk of the monthly bills. Or continue its present use with six bedrooms in the front and 7 in the back rented to students. Buyers are advised to obtain advise as to the applicable Municipal bylaws. The front unit has 4 plus 2 bedrooms, 3 bathrooms a laundry, 2 kitchens and a living room and has its own furnace with central air. The rear unit features 4 plus 3 bedrooms, 3 bathrooms, a laundry, 2 kitchens. It also is heated by its own furnace. The 40' by 140.92 lot provides ample parking via the private side drive. Take a good look gems like this are not offered often. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 42 days on market, against an average age of 65 days across the listings currently for sale in this city
This 3-bed single family in Hamilton has been listed for 42 days, which is 23 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,300,000, about 20.7× the local median household income of $62,800.
Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 304% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8S)
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Loading rates, 30-yr amortization
Cash Needed to Close
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