Are you a GTA investor who is thinking about the Hamilton real estate market?  You are not alone.  Remax reported that during the first quarter of 2017, almost 25% of the real estate sold in Hamilton was purchased by Toronto buyers.   Investment dollars spent in Hamilton buy a lot more house than they would in Toronto and the immediately surrounding areas, while allowing accessibility for commuters and recreational city-lovers alike.

Interestingly, within Hamilton, Moneysense.ca has rated the 25 top neighbourhoods to consider when looking to buy.  Take a look at the ratings here.

110 Frederick Avenue is a fully detached, 4+1 bedroom home with two full bathrooms, a private driveway, and a large backyard.  Listed at $299 999, and located in Crown Point East – the number one neighbourhood to buy in, according to Moneysense, it offers solid value for both first-time home buyers and investors.  Properties in the area are highly rentable, being close to all amenities including shopping, transit, schools, hospitals, and highway access.

With a downpayment of between 20-25% and a 30-year mortgage at a 5-year fixed rate of 3.49%, an investor could expect to rent this property out and create a positive cash flow of between $150-215.00 per month.

If you would like more information, please fill out the contact form below and we will be happy to provide you with the details!

Call the Brandow Group at 905-573-1188 or 416-520-8567 for more information

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