$1,000,000
Hamilton
198 DUNDURN Street South, Hamilton, Ontario, L8P4K3
This 1-bedroom, 3-bathroom home in Hamilton is for sale offering roughly 1,830 sq ft of space. It has been on the market 26 days, fresher than the Hamilton average of 65 days.
Welcome to 198 Dundurn Street South, a beautifully updated investment opportunity offering two self-contained residential units in one of Hamilton’s most desirable and walkable neighbourhoods. Legally configured as a single-family dwelling with an in-law suite, this property provides excellent flexibility for investors, multi-generational living, owner-occupants seeking supplemental income, or those looking to live and work from home. The lower level is particularly well suited for a home-based business or professional workspace, with C6 zoning permitting a broad range of commercial, retail, office, and service. Extensively renovated throughout, the property features separate entrances, separate hydro meters, separate heating systems, individual hot water tanks, and in-suite laundry for both units. The upper unit showcases soaring vaulted ceilings, an open-concept layout, a stylish kitchen with quartz countertops and island, electric fireplace, floating staircase, private balcony, and a spacious bedroom retreat. The lower unit offers an inviting open-concept design with exposed brick accents, updated kitchen, private patio, full basement with laundry and storage, and excellent flexibility for residential or business use. Major capital improvements include new shingles, new windows, new furnaces, new central air conditioning systems, updated insulation, waterproofing, backflow valve installation, and upgraded storm and sanitary sewer systems. Ideally located steps to shops, restaurants, parks, schools, transit, and downtown Hamilton amenities, this turnkey property presents a rare opportunity to own a fully updated income generating property with exceptional live/work potential in a prime location. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 26 days on market, against an average age of 65 days across the listings currently for sale in this city
This 1-bed single family in Hamilton has been listed for 26 days, which is 39 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 $1,000,000, about 17.2× the local median household income of $58,000.
Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 237% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8P)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.