640 Tate Avenue, Hamilton

$599,999
640 Tate Avenue

$599,999

New
83d
DetachedBungalow

640 Tate Avenue, Hamilton

Total Monthly Obligation $3,090

HausQ Valuation Report
Beds
4
Baths
2
Park
2
Sqft
1100-1500
DOM
83d
Score
23
Yield
6.0%
Cash on Cash
1.8%
Cap Rate
5.0%
5Y IRR
17.0%
10Y IRR
15.8%
Property Type-Detached
MLS® Number-X13628954
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-25 × 100 ft
Listed on site-Aug 1, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$3,532.44 (2025)
Parking-2 - None
Basement-Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-Parkview
Title-Residential Freehold

No agent assigned

Welcome to your next home in the heart of Hamilton! This beautifully updated single-family home offers a perfect blend of comfort, style, and functionality ideal for families, first-time buyers, or investors.Inside, you'll find 3 spacious bedrooms plus a versatile bonus room in the in-law suite, to accommodate your families needs. The home features upgraded flooring throughout, a fresh coat of paint, and a newly renovated front porch, Driveway, Backyard that welcomes you with charm and curb appeal.Whether you're hosting guests or enjoying quiet evenings, the layout offers flexibility and space for everyone including the private in-law suite, perfect for extended family, guests, or even potential rental income.Major mechanicals are taken care of furnace and AC are owned, giving you peace of mind and no rental fees.Located in a family-friendly neighborhood with top-rated schools nearby, you'll love being within walking distance to parks and enjoying weekend strolls by Lake View Beach.Don't miss this opportunity to own a move-in-ready home in one of Hamiltons most desirable areas!

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

Closing Costs

Mortgage Amount
$479,999
Land Transfer Taxes$8,475
Legal Fees (Est.)
$
Total cash required for closing$129,975

Total Monthly Obligation

$3,090/mo
Mortgage $2,420
Monthly Loss $2,453
Principal$637
Interest$1,783
Property Tax$294
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.7%3
5-Year IRR
12.7%55
10-Year IRR
12.7%
Returns Index
28.9/ 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
$35,880/yr
NOI
$24,260/yr
Net Cash Flow
-$399/mo
Cash Margin
-13.3%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
28.7/ 100

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

Comparables

Properties near 640 Tate Avenue

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.