603 RYMAL Road W

Carpenter, Hamilton · MLS® 40873100

3111

1,800 sq ft · House · Single Family · 3 days on market

listed by Payam Alidadi Kafraj, RE/MAX Escarpment Realty Inc.

realtor's description

Rare development opportunity for builders and investors. This expansive 1.38-acre land assembly, comprising 603 Rymal Road and 613 Rymal Road, offers approximately 108 feet of frontage and 280 feet of depth, presenting excellent potential for mid-rise residential or townhouse development. The property currently includes two fully leased bungalow homes, providing stable rental income while development plans are pursued. Situated in a rapidly growing area with strong housing demand, this site represents an exceptional opportunity for builders and developers seeking a large parcel with significant future upside potential.

property details

type: House, Single Family
bedrooms: 3
bathrooms: 1
living area: 1,800 sq ft
parking: 11
property tax: $7,000 / yr
days on market: 3
MLS®: 40873100

features

School Bus
Washer
Refrigerator
Stove
Dryer
Hood Fan

monthly cost

$6,879/mo

Mortgage $6,296 · Tax $583

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$6,296/ monthly

loan $1,156,000

25-year amortization

down payment20% · $289,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $732,718
cash to close: $289,000; down payment; transfer tax and fees not included
total paid: $1,888,718

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.