23 Heatherdale Place, Hamilton

$625,000
23 Heatherdale Place

$625,000

Price Change
63d
Detached2-Storey

23 Heatherdale Place, Hamilton

Total Monthly Obligation $3,309

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
63d
Score
20
Yield
5.4%
Cash on Cash
-1.5%
Cap Rate
4.3%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Detached
MLS® Number-X13701630
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-45 × 100 ft
Listed on site-Aug 21, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$4,952 (2026)
Parking-3 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE/MIRACLE REALTY LTD
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Gourley
Title-Residential Freehold

No agent assigned

Best opportunity and unbeatable price to own a detached house on West Hamilton Mountain with a large lot size and many possibilities! Discover this freshly painted freehold detached two storey home, set on a 45 100 ft lot in a highly desirable Hamilton Mountain neighborhood. Thoughtfully cared for, the property provides flexible living options suited to families, first-time buyers, and investors alike. The main floor features bright, comfortable living spaces, including a living room with a gas fireplace and built in cabinetry and gleaming hardwood floor, and a large eat in kitchen with direct access to the backyard. A spacious deck provides an ideal setting for outdoor relaxation and entertainment. The home offers tandem parking for up to three cars, and the lot configuration presents a possibility for a future detached garage. No carpet on ground & second floor. Upstairs features a full bathroom and two nice sized bedrooms plus a spacious master bedroom and a large walk-in closet. The partially finished basement adds valuable flexibility for a recreation room, home office, or home gym. With the potential for a separate side entrance, the lower level offers strong opportunities for an in law suite, including space to create an additional bedroom and a full bathroom. The lot size and layout also support the possibility of adding an Accessory Dwelling Unit (ADU), subject to municipal approvals. Conveniently situated near everyday amenities, this home offers quick access to the Lincoln Alexander Parkway and is only minutes from Costco, Ancaster Power Centre, and Lime Ridge Mall-Hamilton's largest shopping destination. Dining, entertainment, parks, recreation centers, schools, and the public library are all close by, and the property is located along a public transit route. A well-rounded opportunity in a prime Hamilton Mountain location, providing value, convenience, and strong future potential for both homeowners and investors. Come see for yourself "

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$500,000
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,309/mo
Mortgage $2,521
Monthly Loss $2,645
Principal$663
Interest$1,858
Property Tax$413
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%1
5-Year IRR
10.3%38
10-Year IRR
10.9%
Returns Index
20.0/ 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
$34,044/yr
NOI
$21,188/yr
Net Cash Flow
-$755/mo
Cash Margin
-26.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
25.4/ 100

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

Comparables

Properties near 23 Heatherdale Place

Time

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