What if someone else helped pay your mortgage?
Buying a home might be more affordable than you think.
Imagine owning a home, living in one unit, and renting out the other. The rent you collect could help cover your mortgage and lower what you pay each month.
It's called house hacking, and it could be a smart way to get into the housing market sooner.
Explore my hand-picked list of Hamilton Mountain homes with rental income potential, all listed under $800,000.
Free access to the home list. No pressure or commitment to buy.
For illustration. Generic home photo, not a listing in the collection.
House hacking
Let's say you buy a home with two units.
You live in one and rent out the other.
Your monthly mortgage payment: $3,500
Rent collected from the other unit: $1,800
Your share of the mortgage: $1,700/month
That's $1,800 in rent helping you pay your mortgage each month!
Curious what the numbers could look like for you?
Try the free calculator and explore homes that could make this possible.
Example only. Actual mortgage costs, rental income, taxes, insurance, utilities and other expenses will vary. Rental income is not guaranteed.
Photo gallery
Illustrative examples of the type of presentable duplex homes in the collection. Not specific listings.
Who this is for
Buying on your own can feel like a big stretch. Living in one unit and renting the other could help with your monthly housing costs.
You and a parent, sibling or another family member may want to share the costs while each having your own living space.
You and a friend may be ready to explore buying together. A clear plan for ownership, bills, repairs and future changes can help you start on the same page.
You do not need to be ready to move. Watch prices, explore neighbourhoods and learn what might fit your future.
You may hear this called house hacking. In simple terms, it means living in part of a property and renting out another part to help with the costs.
For illustration. A semi-detached home is shown as a common Hamilton housing style; legal two-unit status is not confirmed for any property.
Possible benefits
The right fit depends on the property, your financing and your plans. Rent does not remove the need to budget for repairs, taxes, insurance and months when a unit may be empty.
For illustration.
Cost calculator
Try a few numbers to see how rental income could help offset a mortgage payment. This is a starting point, and I can help you build a more personal budget.
Example rate of 5%. This is not a current rate offer.
Enter a whole number between 5 and 30 years.
Sample input of $1,800 per month. This is not a rental estimate for an actual property.
Down payment
$75,000
Mortgage default insurance premium
$20,925
Estimated mortgage amount (incl. financed premium)
$695,925
Estimated monthly mortgage payment
$4,047.31
Expected monthly rent (gross)
$1,800
Mortgage payment after rent, before other costs
$2,247.31
% of mortgage payment offset by gross rent
44.5%
Gross rent means expenses have not been deducted.
Add the amounts you know. Until you enter an amount, each cost defaults to $0 and the total is marked incomplete.
Incomplete estimate
Estimated monthly costs before rent
$4,047.31
Including expected rent
Estimated monthly costs after rent
$2,247.31
This calculator assumes the buyer will occupy one unit. Financing for a property where the buyer does not live may differ. It does not determine mortgage approval or apply the full mortgage qualification process.
Estimates only. Your actual payments, insurance, rent and expenses may differ. Rental income is not guaranteed. Closing costs and income taxes are not included. A mortgage professional can confirm financing options.
I can help you look at the purchase price, expected rent and other costs so you have a clearer picture.
Book My Personal Budget Call
Hamilton Mountain, Hamilton, Ontario
The collection
Listed powers the search. I'm here to help you understand the homes, the numbers and your next steps.
The collection is a starting point. Being listed as a duplex does not confirm the property's legal use, permits, fire safety or rental suitability.
Stay informed
The Listed app is available for iOS and Android. Some features or data may require an account and depend on location; not every property in Canada is covered.
You do not have to be ready to buy to stay informed. Access is included through my network at no cost, with no commitment to purchase a home.
Get Access Through My NetworkDuplex checklist
Is the property approved for its current two-unit setup?
What permits, inspections and fire safety records are available?
Who lives there now, and what leases, rents and obligations are in place?
Will the unit you want to live in actually be available? Do not assume a buyer can immediately move into an occupied unit.
What rent is supported by comparable units, and what restrictions or existing tenancies affect it?
What should you budget for beyond the mortgage?
What repairs or updates might be needed soon?
How do entrances, parking, laundry, outdoor space and utilities work?
Will the property and your intended use fit your lender's and insurer's requirements?
How will you handle ownership shares, bills, repairs, disagreements and someone wanting to sell?
You do not need to figure this out alone. I can help you ask the right questions and connect with the right people.
About Tory
My name is Tory Akene. I am a REALTOR®. I was born and raised in Hamilton.
I help people explore buying and selling options on Hamilton Mountain. I believe people should understand their options before making a decision.
I can help connect buyers with mortgage, legal and other professionals.
REALTOR® · 5015411 · ON · Real Broker Ontario Ltd., Brokerage
Your support team
Finding suitable homes, comparing options and guiding negotiations.
Reviewing financing, qualification and treatment of rental income.
Reviewing the purchase, ownership structure and any co-ownership agreement.
Assessing condition and possible repairs.
Reviewing coverage for the property and intended use.
Helping when it is time to move.
I can introduce trusted professionals when needed, and you can choose your own providers. These services are not included at no cost.
Personal budget call
I can help prepare a custom budget sheet covering:
Rental figures and budgets are estimates. Financing, tax and legal advice come from the appropriate professionals.
Book My Personal Budget CallOpens Tory's public Google Calendar booking page in a new tab.
Local connection
Born and raised in Hamilton, I'm Tory Akene, a local REALTOR® who loves helping buyers find creative ways to become homeowners. I've put together this list using Listed to help you explore homes that may offer more than just a place to live.
Get access
Tell me a little about what you are exploring. After you submit, a link will appear so you can sign up with Listed and open my curated collection.
FAQ
No. This resource can help you learn about homes, prices and neighbourhoods while you plan ahead.
Access is included at no cost through my network.
No. Joining does not commit you to buying a home or signing a representation agreement.
A screen appears with the link to my Listed collection. Follow Listed's sign-up steps to access the homes.
Yes. By joining, you agree to receive helpful real estate emails, neighbourhood news and property updates. You can unsubscribe at any time.
Yes. You can use the searches available through Listed beyond this collection. Features and listing coverage depend on location.
These are homes listed as duplexes. Legal use, permits, safety, tenancies and rental suitability need to be checked for each property.
That depends on the purchase price, financing, rent and expenses. Rental income may help offset costs, but it is not guaranteed.
The calculator gives an estimate based on the information entered. Closing costs and taxes on rental income are not included. Use the extra-cost fields for a fuller monthly estimate and book a call for help with a personal budget.
That may be an option. Financing and legal advice can help you plan ownership, payments, repairs and what happens if someone wants to sell.
You can still explore and learn. I can connect you with a mortgage professional when you are ready.
You can use this resource to stay informed. Continue working with your REALTOR® for advice, showings and offers.
Availability changes. An empty collection does not mean the link is broken. You can explore other searches or contact me about your criteria.
Yes. You can unsubscribe at any time.
Explore the homes, try the numbers and learn what could work for you. You do not need to have every answer before you begin.
Get Instant Access to the HomesPrices and availability can change. Homes in this collection are listed as duplexes; listing classification does not confirm legal duplex status.
Rental income and calculator results are estimates, not guarantees. The calculator assumes the buyer occupies one unit.
Joining does not create a representation agreement with Tory Akene or Real Broker Ontario Ltd., Brokerage.
This page is not intended to solicit buyers or sellers currently under contract with a brokerage.
Tory Akene, REALTOR® · 5015411 · ON · Real Broker Ontario Ltd., Brokerage · 130 King Street West, Suite 1900, Toronto, ON M5X 1E3
Thinking about moving on the Hamilton Mountain?
Plan your sale and next move with Tory Akene, your local REALTOR®.