1 Vera Court, Hamilton

$789,999
1 Vera Court

$789,999

New
53d
DetachedBacksplit 4

1 Vera Court, Hamilton

Total Monthly Obligation $3,990

Beds
4
Baths
2
Park
5
Sqft
1100-1500
DOM
53d
Score
21
Yield
5.6%
Cash on Cash
-0.2%
Cap Rate
4.6%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Detached
MLS® Number-X13732204
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-55 × 105 ft
Listed on site-Aug 31, 2026
Style-Backsplit 4
Building Type-Detached
Age-51-99
Taxes-$5,135.18 (2025)
Parking-6 - Detached
Basement-Apartment, Full, Separate Entrance, Walk-Up, Finished
Heating-Forced Air (Gas)
Brokerage-NEW ERA REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-60-90 days
Neighbourhood-Corman
Title-Residential Freehold

No agent assigned

Fantastic investment opportunity or ideal multi-generational home! This spacious 4-level backsplit is situated on a large corner lot with dual frontages on a quiet cul-de-sac directly across from a park, offering excellent privacy, curb appeal and versatility. Currently configured as two separate income-generating units, this well-maintained property features 4 total bedrooms, 2 full bathrooms and separate laundry for each unit. The main floor/upper unit offers a bright and functional layout with a spacious living room filled with natural light, separate dining room with stylish accent wall and an updated kitchen complete with granite countertops, tiled backsplash and ample cupboard space. Three generous bedrooms and a 4pc bathroom complete the upper levels, making it perfect for families or quality tenants. The lower/basement unit features its own separate entrance and provides excellent additional income potential or private in-law accommodations. This unit includes a cozy family room, spacious bedroom, full 4pc bathroom and an updated kitchen with quartz countertops, tiled backsplash and plenty of storage space. Outside, the property continues to impress with a fully fenced yard ideal for children, pets and entertaining. Rare parking flexibility includes two separate driveways, a 1.5 car detached garage and an additional single car carport, providing ample parking for multiple vehicles or tenants. Located in a highly desirable family-friendly neighbourhood within walking distance to schools, parks and public transit. Conveniently close to highway access, shopping, restaurants and all major amenities. A rare opportunity offering space, functionality and outstanding income potential in a prime location!

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

Closing Costs

Mortgage Amount
$631,999
Land Transfer Taxes$12,275
Legal Fees (Est.)
$
Total cash required for closing$171,775

Total Monthly Obligation

$3,990/mo
Mortgage $3,187
Monthly Loss $3,151
Principal$839
Interest$2,348
Property Tax$428
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.9%2
5-Year IRR
11.7%48
10-Year IRR
11.9%
Returns Index
25.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$43,896/yr
NOI
$29,871/yr
Net Cash Flow
-$697/mo
Cash Margin
-19.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
23.2/ 100

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

Comparables

Properties near 1 Vera Court

Time

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