38 Elora Drive 47, Hamilton

$489,000
38 Elora Drive 47

$489,000

New
42d
Condo Townhouse2-Storey

38 Elora Drive 47, Hamilton

Total Monthly Obligation $2,928

HausQ Valuation Report
Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
42d
Score
22
Yield
6.8%
Cash on Cash
0.2%
Cap Rate
4.6%
5Y IRR
15.7%
10Y IRR
14.8%
Property Type-Condo Townhouse
MLS® Number-X13774564
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Sep 11, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,398.42 (2025)
Maintenance-$472.36/mo
Locker-None
Parking-2 - Built-In
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-TBD
Neighbourhood-Fessenden
Title-Residential Condo & Other

No agent assigned

Discover the perfect opportunity to own a spacious and well-maintained townhouse in Hamilton's desirable Fessenden area. This inviting 3-bedroom, 2.5-bathroom home offers a functional layout designed for comfortable everyday living. The bright and welcoming main living areafeatures a cozy gas fireplace, creating the perfect atmosphere for relaxing evenings or entertaining guests. Enjoy the convenience of an attachedgarage with inside entry, providing added comfort and practicality year-round. Located in a very well-managed complex, this home offers peaceof mind along with an easily accessible location close to major highways, shopping, schools, parks, and other everyday amenities.

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

Closing Costs

Mortgage Amount
$391,200
Land Transfer Taxes$6,255
Legal Fees (Est.)
$
Total cash required for closing$105,555

Total Monthly Obligation

$2,928/mo
Mortgage $1,972
Monthly Loss $2,409
Principal$519
Interest$1,453
Property Tax$283
Condo Fees$472
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.9%2
5-Year IRR
11.9%49
10-Year IRR
12.2%
Returns Index
25.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$33,300/yr
NOI
$18,503/yr
Net Cash Flow
-$431/mo
Cash Margin
-15.5%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
28.9/ 100

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

Comparables

Properties near 38 Elora Drive 47

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.