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$720K · 3+1 bed Detached · Ainslie Wood, Hamilton | MyPropertyScout

$720,000

242 Bowman Street

3+12TenantOccupied

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$720,000

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242 Bowman Street

Hamilton · Ontario L8S 2V2

MLS® X13448054 · Ainslie Wood · L8S 2V2

3+12TenantOccupied700-1100 ft²DetachedNone11d$800/ft²Lot 30 x 140 ft$5,584 tax/yr

0% below market · 11 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Two Kitchens, Two Laundries And Too Many Updates To Name! A Single Family Home With Sep. Suite In The Bsmt, This Home Has Been Well Maintained. Huge Bright Master On The 2nd Fl. 2nd Kit, Laundry Rm, And Combined Bed/Sit Are Ready To Go In Basement . Walk To Mcmaster University, Hospital, Restaurants, Shopping, Rail Trail To Grey Bruce Trail. 5-Minute Drive To The 403.

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MyStreetValue™ Analysis

$537,863 – $877,419estimated range

Midpoint: $723,162

Property details

MLS#: X13448054
Status: Buy Now
Beds: 3+1
Baths: 2 full, 0 half
Size: 700-1100
Style: 1 1/2 Storey
Type: Detached
Year built: —

Roof: Asphalt Shingle
Foundation: Not Applicable
Other structures: Garden Shed
Property features: Fenced Yard, Hospital, Park, School

Garage: None
Garage spaces: 0
Parking: 1 total
Lot: 30 × 140
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Aluminum Siding, Brick
Fronting on: West
Cross street: Main St. W. & Emerson
Basement: Finished, Separate Entrance
Stories: —
Utilities: —
Laundry: —
Interior: None
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Level	Room	Dimensions
Main	Kitchen	4.13m × 3.49m
Main	Living Room	3.97m × 3.52m
Main	Bedroom 2	3.42m × 2.79m
Main	Bedroom 3	2.07m × 2.79m
Second	Primary Bedroom	4.09m × 4.87m
Basement	Bedroom 4	6.25m × 4.8m
Basement	Kitchen	2.2m × 4.63m
Basement	Laundry	1.73m × 2.87m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: HOMELIFE LANDMARK REALTY INC.

Source: TRREB/PROPTX · MLS® X13448054

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$720K

242 Bowman Street · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $720,000✓ $5,584 tax✓ Gas✓ 700-1100 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,591/mo

incl. closing costs (yr 1)

Annual total

$67,097

year 1

Mortgage only

$2,731/mo

principal + interest

Beyond mortgage

$1,495/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$144,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$465/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~900 ft² · ON avg ~$75/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%$7,200/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$10,875

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)49% $32,777/yr

Property taxes25% $16,459/yr

Utilities6% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance11% $7,200/yr

Closing costs8% $5,100/yr

Mortgage is 49% of your true cost of ownership. The other 51% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$32,777	$2,731/mo
Government & taxes
Property tax	$5,584	$465/mo
Land transfer tax(closing)	$10,875	$906/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$7,200	$600/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	$67,097	$5,591/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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242 Bowman Street

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs