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43 LAKE AVENUE N
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Beds
3
Baths
2
Sqft
—
Year
—
Type
Multi-family
On market
89d
Nestled on the border of desirable Stoney Creek and a 5 minute drive to the new GO Station, this charming bungalow offers a blend of modern updates and cozy comfort, making it an ideal home for families and individuals alike. The property boasts a range of appealing features that enhance its practicality and aesthetic appeal. One of the key highlights is the updated kitchen, which showcases uniquely styled quartz countertops that add a touch of sophistication and elegance. The vinyl flooring throughout the home ensures durability and easy maintenance, creating a seamless flow from room to room. The main bathroom features a soothing soaker tub, perfect for relaxing after a busy day, providing a spa-like experience within the comforts of home. The principal bedroom is spacious and includes a substantial wardrobe, offering ample storage space for clothing and personal items. For entertainment and family gatherings, the large recreation room stands out with its vinyl flooring and trendy industrial-style open ceiling, creating a modern and inviting atmosphere for leisure and social activities. Additional storage and practicality are catered to by the furnace room, which provides generous space for storage and a workshop area, making it convenient for home projects and organizational needs. Step outside to discover a large deck and an enormous backyard backing onto green space, creating a private oasis for outdoor activities. The backyard's size and enclosed design make it perfect for families with children and pets, offering a secure environment for outdoor play. Furthermore, a separate garage located at the back of the property with side access provides additional parking and storage options. The overall layout and features of this bungalow make it a perfect family home or a peaceful retreat for anyone seeking comfort, style, and functionality. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Furnace | — | |
| Workshop | — | |
| Recreational, Games room | — | |
| Bedroom 3 | — | |
| Bathroom | — | |
| Laundry room | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | — | |
| Dining room | — | |
| Living room | — | |
| Primary Bedroom | — | |
| Bedroom 2 | — | |
| Bathroom | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.01%
Cap rate
4.66%
GRM
13.9
Break-even rent
$4,324
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Riverdale). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.