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63 Melrose Avenue S
homes for sale · Hamilton · Stipley
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$649,900

63 Melrose Avenue S

Stipley, Hamilton · MLS® X13769078

643

House · Multi-family · 44 days on market

listed by STEPHANIE AMMENDOLIA, RE/MAX ESCARPMENT REALTY INC.

realtor's description

An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown.A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future!

similar homes nearby

property details

type
House, Multi-family
bedrooms
6
bathrooms
4
parking
3
property tax
$4,765 / yr
days on market
44
MLS®
X13769078

features

  • Washer
  • Dishwasher
  • Dryer
  • Two stoves
  • Water Heater
  • Two Refrigerators

monthly cost

$3,229/mo
Mortgage $2,832 · Tax $397

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

estimated payment
$2,832/ monthly
loan $519,920
25-year amortization
total interest
$329,546
cash to close
$129,980
down payment; transfer tax and fees not included
total paid
$849,466

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

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
STEPHANIE AMMENDOLIA
RE/MAX ESCARPMENT REALTY INC.
call STEPHANIE · 905-545-1188
Powered by: REALTOR.ca
▶ virtual tour

location

Stipley, HamiltonGoogle Maps ↗

location

Stipley, HamiltonGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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