62 Erie Avenue

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$589,900

62 Erie Avenue

Stinson, Hamilton · MLS® X14113220

521

House · Multi-family · 1 day on market

listed by NAUSHIN KEMP, ROYAL LEPAGE REAL ESTATE SERVICES LTD.

realtor's description

Live in this fantastic cash flowing property in amazing Stinson area! Recently updated, this legal duplex has a vacant upper unit with loft, turnkey and ready to move in with new kitchen and bathrooms and unique loft features. Carefully selected AAA tenants on main floor paying $1950. Live in this detached home with mortgage payments of approx. $700 monthly! So much potential with extra deep lot of 180 ft! Each unit has separate laundry and separate entry. One parking spot included with this home. No leased equipment. Upgraded kitchens, brand new stainless steel appliances. Wonderful opportunity for first time home buyers or investors to buy in downtown Hamilton's top neighborhood. Walking distance to grocery stores and amenities and minutes from upcoming Hamilton LRT.

property details

type: House, Multi-family
bedrooms: 5
bathrooms: 2
parking: 1
property tax: $4,349 / yr
days on market: 1
MLS®: X14113220

monthly cost

$2,933/mo

Mortgage $2,570 · Tax $362

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

estimated payment

$2,570/ monthly

loan $471,920

25-year amortization

down payment20% · $117,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $299,121
cash to close: $117,980; down payment; transfer tax and fees not included
total paid: $771,041

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