31 Edenrock Drive, Hamilton

$589,900
31 Edenrock Drive

$589,900

New
64d
Att/Row/Townhouse3-Storey

31 Edenrock Drive, Hamilton

Total Monthly Obligation $3,084

Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
64d
Score
20
Yield
5.1%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Att/Row/Townhouse
MLS® Number-X13699588
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-14.76 × 93.5 ft
Listed on site-Aug 20, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Taxes-$3,949.61 (2026)
Parking-3 - Attached
Basement-Full, Walk-Out
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Stoney Creek Industrial
Title-Residential Freehold

No agent assigned

Welcome to an affordable opportunity to own a freehold home without the added expense of monthly condo fees. This modern 3-storey townhouse offers a surprisingly spacious and versatile layout, ideal for young professionals, first-time buyers or anyone looking for more room without stretching the budget. The bright, open-concept main level provides plenty of space for both living and dining, creating an easy flow for everyday life, entertaining friends or relaxing at the end of the day. The contemporary kitchen features ample cabinetry, stainless steel appliances and the added convenience of a pantry for extra storage. Upstairs, two generously sized bedrooms offer comfortable retreats with plenty of room for larger furniture. On the lower level, a walkout provides valuable additional living space, perfect for a home office, recreation room, workout space or media lounge with direct access to the private, fenced backyard. An attached garage and private driveway add everyday convenience, while the freehold ownership means no condo fees eating into your monthly budget. A smart alternative to condo living, this home delivers the space, privacy and flexibility of a house at an approachable price point, an ideal place to start building equity and make homeownership a reality.

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

Closing Costs

Mortgage Amount
$471,920
Land Transfer Taxes$8,273
Legal Fees (Est.)
$
Total cash required for closing$127,753

Total Monthly Obligation

$3,084/mo
Mortgage $2,379
Monthly Loss $2,457
Principal$626
Interest$1,753
Property Tax$329
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.6%32
10-Year IRR
10.3%
Returns Index
17.4/ 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
$30,204/yr
NOI
$18,734/yr
Net Cash Flow
-$818/mo
Cash Margin
-32.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
26.4/ 100

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

Comparables

Properties near 31 Edenrock 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.