689 Burgess Avenue, Hamilton

$479,000
689 Burgess Avenue

$479,000

New
57d
DetachedBungalow

689 Burgess Avenue, Hamilton

Total Monthly Obligation $2,633

Beds
5
Baths
1
Park
2
Sqft
1100-1500
DOM
57d
Score
43
Yield
8.4%
Cash on Cash
11.3%
Cap Rate
7.0%
5Y IRR
24.7%
10Y IRR
22.3%
Property Type-Detached
MLS® Number-X13719984
Beds-5
Bathrooms-1
Size-1100-1500 sqft
Lot Size-41.67 × 112 ft
Listed on site-Aug 27, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,907.52 (2025)
Parking-2 - None
Basement-Full, Separate Entrance, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Parkview
Title-Residential Freehold

No agent assigned

OPPORTUNITY KNOCKS - UNLOCK THE POTENTIAL ... Excellent opportunity for renovators, investors, contractors or buyers seeking a property with significant upside potential. Situated in East Hamilton, 689 Burgess Avenue offers an opportunity for renovators, investors, contractors, or buyers ready to roll up their sleeves and transform a property into something special. This 1,204 sq ft brick bungalow provides a solid starting point with a functional layout, generous living space, and plenty of potential for those with vision and creativity. The main level features a living room, kitchen, dining room, 4 bedrooms, and a 3-piece bathroom. A separate side entrance leads to the full basement, which includes laundry, an extra bedroom, storage space, and a rough-in for a future bathroom. The property also features solar panels with a solar inverter, single driveway with parking for 2 vehicles, and a fenced back yard. Located close to public transit, parks, schools, shopping, and with easy highway access, this property combines a convenient location with endless possibilities. Bring your ideas and creativity to unlock the potential of this home. CLICK ON MULTIMEDIA for more.

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Closing Costs

Mortgage Amount
$383,200
Land Transfer Taxes$6,055
Legal Fees (Est.)
$
Total cash required for closing$103,355

Total Monthly Obligation

$2,633/mo
Mortgage $1,932
Monthly Loss $2,124
Principal$508
Interest$1,424
Property Tax$326
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.8%47
Cash-on-Cash
4.5%20
5-Year IRR
19.4%90
10-Year IRR
18.2%
Returns Index
53.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
43/ 100
Poor•Caution

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$40,200/yr
NOI
$27,772/yr
Net Cash Flow
$382/mo
Cash Margin
11.4%33
Cash Flow Index
32.8/ 100
Risk Profile
Weight: 20%
DSCR
1.2045
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
41.4/ 100

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

Comparables

Properties near 689 Burgess 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.

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Data last updated within the past 24 hours.