+8 photos
$675,000
1088 King Street E, Hamilton, ON L8M 1E3, Hamilton, ON
Hamilton, ON L8M 1E3
3 beds 3 baths Detached
About this home
This beautiful two and a half storey solid break home in a vibrant sought-after Stipley neighborhood. Close distance to schools, community center, public transit, and all amenities. Attention Investors, Renovators and Fist Time Buyers, this home is zoned TOC3 which with the right person and TLC will have lots of room for potential expansion and income. It comes with 2 extra separate entrance. One for the basement and one walk-up to the loft on the third floor. Also comes with indoor hot tub, detached double garage and 4 outside parking Do not loose this rare chance.
Property Score
58/ 100
Overall Property Score
good
A blend of both buyer and investor metrics.
Score breakdown
Walkability
65/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
70/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
88% of city avggood
Priced below Hamilton's average of $765,000.
Appreciation Trend
+1.8%/yrgreat
Hamilton has seen +1.8% YoY price change.
Monthly Cash Flow
-$1,962/mopoor
Estimated -$1,962/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
2.12%poor
Net operating income divided by purchase price.
Basement Suite Potential
Buildablegreat
Strong potential for a legal basement suite - could add ~$1,440/mo.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13103996
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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