79 Locheed Drive, Hamilton

$709,500
79 Locheed Drive

$709,500

New
115d
DetachedBungalow

79 Locheed Drive, Hamilton

Total Monthly Obligation $3,604

Beds
4
Baths
2
Park
4
Sqft
700-1100
DOM
115d
Score
19
Yield
4.8%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13511668
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-49.2 × 100 ft
Listed on site-Jun 30, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,400 (2025)
Parking-4 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-SAM MCDADI REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-60 Days
Neighbourhood-Lisgar
Title-Residential Freehold

No agent assigned

Exceptional opportunity to own a well maintained and upgraded home in one of Hamilton's most desirable MOUNTAIN area. Offering over 2,000 sq ft of total living space, this raised bungalow/backsplit blends character, functionality, and modern comfort ideal for families, professionals, or investors. Large lot, features large private driveway with parking for up to six cars. The fully fenced backyard offers privacy and space to enjoy, complete with a covered deck, gazebo, garden shed, and fruit trees, perfect for entertaining or relaxing. Potential to add a walkout basement entrance. Bright main level filled with natural light from large windows finished with seamless engineered hardwood floors. Large living room with a formal dining room and an updated kitchen with stainless steel appliances and a walkout to the backyard. Well-sized bedrooms and updated bathrooms, Potential to sperate a room and have and extra room. Fully finished basement adds incredible versatility with a potential to add a separate entrance, making it ideal for in-law living or income potential. It features additional bedrooms, a cozy family room with a fireplace perfect for extended family or multi-functional living. Located just steps from Plaza, parks, schools, shopping, and transit, and the Mountain, this home offers both convenience and lifestyle. With easy highway access and proximity to scenic trails and outdoor attractions, it's perfectly positioned for both daily living and recreation.

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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$567,600
Land Transfer Taxes$10,665
Legal Fees (Est.)
$
Total cash required for closing$154,065

Total Monthly Obligation

$3,604/mo
Mortgage $2,862
Monthly Loss $2,850
Principal$753
Interest$2,109
Property Tax$367
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$33,900/yr
NOI
$21,610/yr
Net Cash Flow
-$1,061/mo
Cash Margin
-37.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
23.1/ 100

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

Comparables

Properties near 79 Locheed Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.