$1.57M · 3 bed Detached · Kernighan, Hamilton

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About this home

Prime West Mountain Development Opportunity | Hamilton MountainExceptional investment opportunity in a highly sought-after West Mountain location with rare frontage on two streets. This expansive, oasis-like city lot offers outstanding flexibility for builders, developers, and investors alike.The existing bungalow is well-suited for occupancy, allowing you to live in or rent out the home while you begin planning and construction-an ideal setup to offset carrying costs during development.Approved…

Property details

MLS#

X12920756

Status

Buy Now

Property class

Residential Freehold

Beds

Baths

1 full, 0 half

Rooms

Kitchens

Size

1100-1500Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

Full

Style

1 Storey/Apt

Type

Detached

Year built

1951

PIN: 169440041
Roll / ARN: 251808094101650

Occupancy: Owner Occupied
Washrooms: 4 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No

Roof: Asphalt Shingle
Foundation: Concrete Block
Other structures: Garden Shed
Property features: Public Transit, Place Of Worship, School

Garage: 1-car Carport
Garage spaces: 1
Parking: 5 total
Lot: 100.3 × 250.66
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Aluminum Siding
Fronting on: East
Cross street: West 5th St
Stories: —
Utilities: —
Laundry: —
Interior: Primary Bedroom - Main Floor
Parking features: Private, Front Yard Parking

Level	Room	Dimensions
Main	Living Room	3.66m × 4.88m
Main	Dining Room	3.66m × 3.05m
Main	Kitchen	3.05m × 3.66m
Main	Bathroom	—
Main	Bedroom	3.35m × 2.74m
Main	Bedroom 3	4.88m × 3.66m

Level

Room

Dimensions

Main

Living Room

3.66m × 4.88m

Main

Dining Room

3.66m × 3.05m

Main

Kitchen

3.05m × 3.66m

Main

Bathroom

—

Main

Bedroom

3.35m × 2.74m

Main

Bedroom 3

4.88m × 3.66m

Price movement & seller pressure

↓ $74KPrice reduction

MLS shows the seller reduced the asking price by $73,988 (from $1,648,988 to $1,575,000).

Motivated SellerWhy this label

102 days on market — Listing has been active for 102 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,575,000✓ $5,569 tax✓ Gas✓ 1100-1500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$10,987/mo

incl. closing costs (yr 1)

Annual total

$131,847

year 1

Mortgage only

$5,975/mo

principal + interest

Beyond mortgage

$2,223/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$315,000

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$464/mo

Utilities

Hydro / electricity$91/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$91/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$15,750/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$27,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)54% $71,701/yr

Property taxes25% $33,544/yr

Utilities3% $4,152/yr

Insurance & security1% $1,600/yr

Maintenance12% $15,750/yr

Closing costs4% $5,100/yr

Mortgage is 54% of your true cost of ownership. The other 46% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$71,701	$5,975/mo
Government & taxes
Property tax	$5,569	$464/mo
Land transfer tax(closing)	$27,975	$2,331/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,092	$91/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$15,750	$1,313/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$131,847	$10,987/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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879 West 5th Street

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs