509 Southridge Drive, Hamilton

$679,900
509 Southridge Drive

$679,900

New
70d
Att/Row/Townhouse2-Storey

509 Southridge Drive, Hamilton

Total Monthly Obligation $3,573

HausQ Valuation Report
Beds
4
Baths
3
Park
3
Sqft
1500-2000
DOM
70d
Score
20
Yield
5.5%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Att/Row/Townhouse
MLS® Number-X13677496
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-27.66 × 104.82 ft
Listed on site-Aug 14, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-16-30
Taxes-$5,466 (2025)
Parking-3 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-THE REAL ESTATE BOUTIQUE BROKERAGE, INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Currently Tenant, work with tenant.
Neighbourhood-Mountview
Title-Residential Freehold

No agent assigned

Welcome to this spacious end-unit freehold townhome in Hamilton's desirable Southridge community, offering the feel and privacy of a semi-detached home with no condo fees. The executive floor plan features a unique split staircase, with the generous primary bedroom privately situated in its own section and complete with a walk-in closet and ensuite bath. Two additional well-sized bedrooms, another full bathroom and excellent closet space complete the upper level. The main floor offers separate living and dining areas, hardwood flooring, a bright eat-in kitchen, fireplace with oak surround and plenty of pot lights throughout. The finished basement provides a large recreation room, additional bedroom or home office, built-in shelving and valuable storage space. Outside, enjoy a fully fenced private yard, single-car garage and parking for up to three vehicles. Currently tenant occupied, this property is an excellent opportunity for investors or buyers looking to make this spacious home their own.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$543,920
Land Transfer Taxes$10,073
Legal Fees (Est.)
$
Total cash required for closing$147,553

Total Monthly Obligation

$3,573/mo
Mortgage $2,743
Monthly Loss $2,851
Principal$722
Interest$2,021
Property Tax$456
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
10.6%40
10-Year IRR
11.1%
Returns Index
21.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$37,272/yr
NOI
$23,579/yr
Net Cash Flow
-$778/mo
Cash Margin
-25.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
24.2/ 100

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

Comparables

Properties near 509 Southridge 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.