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$799,999
Available - For Sale
Listing ID: X12204825
Incredible opportunity in family-friendly East Hamilton! Nestled on a premium lot just under 1 acre and minutes away from the QEW Highway and public transit, this cozy 2-bedroom, 1-bath bungalow offers endless potential for both seasoned investors and first-time homebuyers alike. The charming home is move-in ready, perfect for those looking to live now and build later. Situated in a rapidly growing pocket of East Hamilton, this property comes with current zoning approved to build four single-family homes, making it ideal for developers or builders! Even more exciting is the potential for re-zoning, offering possibilities for increased density or a larger-scale development in the future. This unique parcel of land is on municipal water and sewer lines, a rare and valuable feature for lots of this size, saving you time and significant development costs. Whether you're looking to develop right away or land bank and hold for future appreciation, this location checks all the boxes! Just under an hour from both the GTA and Niagara Falls, the property offers excellent commuter access, attracting interest from a wide pool of potential end users. The lot's generous dimensions provide ample space for a variety of uses. Whether you're envisioning custom homes, townhouses, rental properties, or a family compound, enjoy the flexibility of overseeing your development or generating rental income from the existing dwelling while pursuing re-zoning for even more potential. Don't miss this exceptional investment opportunity in one of Hamilton's most promising and accessible areas.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $39,999.95 $79,999.9 $119,999.85 $159,999.8
First Mortgage $759,999.05 $719,999.1 $679,999.15 $639,999.2
CMHC/GE $20,899.97 $14,399.98 $11,899.99 $0
Total Financing $780,899.02 $734,399.08 $691,899.14 $639,999.2
Monthly P&I $3,344.53 $3,145.37 $2,963.35 $2,741.07
Expenses $0 $0 $0 $0
Total Payment $3,344.53 $3,145.37 $2,963.35 $2,741.07
Income Required $125,419.87 $117,951.54 $111,125.64 $102,790.01

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX METROPOLIS REALTY

719 KNOX Aven , Hamilton, L8H 6K7, Hamilton

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Parkview
Style: Bungalow
Lot Size: x 210.00(Feet)
Approximate Age:
Tax: $3,812.76
Maintenance Fee: $0
Beds: 2
Baths: 1
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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