199 Kimberly Drive, Hamilton

$724,900
199 Kimberly Drive

$724,900

Extension
345d
Detached1 1/2 Storey

199 Kimberly Drive, Hamilton

Total Monthly Obligation $3,647

Beds
4
Baths
4
Park
5
Sqft
1100-1500
DOM
345d
Score
23
Yield
6.0%
Cash on Cash
2.1%
Cap Rate
5.0%
5Y IRR
17.3%
10Y IRR
16.0%
Property Type-Detached
MLS® Number-X12539602
Beds-4
Bathrooms-4
Size-1100-1500 sqft
Lot Size-59.75 × 76.83 ft
Listed on site-Nov 12, 2025
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$4,172.05 (2024)
Parking-5 - None
Basement-Apartment, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Rosedale
Title-Residential Freehold

No agent assigned

Completely restored from the outside walls. Current owners spent hundreds of thousands on restoring this property for their retirement but plans have changed and it is now available. Updates include spray foam insulation, dry wall doors trim, windows, electrical, plumbing, heating ducks, furnace, gas piping, central air, siding, down spouts, sump pump, weeping tile, concrete retaining wall with rod iron fencing, front yard garden wall porch/deck and new concrete double driveway with 5 car parking. This home is loaded with valuable convenient upgrades like both gas and electrical connections to all stoves and clothes dryers. Private corner lot,3+1 bedrooms,3 1/2 bathrooms with large main floor primary bedroom with luxurious large built in clothes closet,4 peace ensuite bathroom and laundry facilities. Perfect for anyone who would like to avoid stairs. Fully finished basement with fully functioning in law suite complete with one bedroom, living room, dining room, kitchen with five appliances, large bathroom with laundry and separate private entrance. High quality materials and workmanship shows fantastic. Located in the Rosedale Community one of Hamilton's "hidden gems" A vibrant family orientated neighbourhood located beneath the escarpment in the King Forest area directly across the street from the Kings Forest Golf Course. Tucked beneath the escarpment with only 4 points to enter traffic is minimal with lots of local activities and amenities like golf course, community center, hockey arena, municipal swimming pool, parks, forest, green space, creek, walking and bike trails, and shopping. This is a fabulous healthy active community, a lovely place to live and raise a family. With easy access to hospitals, schools, The Redhill Expressway, the QEW, the escarpment and the downtown core. This home is loaded with valuable high quality improvements, located in a wonderful community. A must see to appreciate the workmanship and design.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$579,920
Land Transfer Taxes$10,973
Legal Fees (Est.)
$
Total cash required for closing$157,453

Total Monthly Obligation

$3,647/mo
Mortgage $2,924
Monthly Loss $2,877
Principal$769
Interest$2,155
Property Tax$348
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-3.0%4
5-Year IRR
13.3%60
10-Year IRR
13.2%
Returns Index
31.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$43,500/yr
NOI
$30,478/yr
Net Cash Flow
-$384/mo
Cash Margin
-10.6%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
26.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 199 Kimberly Drive

Time

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