1416 Progreston Road, Hamilton

$1,279,900
1416 Progreston Road

$1,279,900

New
42d
Detached2-Storey

1416 Progreston Road, Hamilton

Total Monthly Obligation $6,246

Beds
3
Baths
3
Park
4
Sqft
2000-2500
DOM
42d
Score
16
Yield
3.8%
Cash on Cash
-7.6%
Cap Rate
2.9%
5Y IRR
9.6%
10Y IRR
9.9%
Property Type-Detached
MLS® Number-X13776066
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-116 × 192.14 ft
Listed on site-Sep 11, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$8,499 (2026)
Parking-6 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible / Immediate
Neighbourhood-Carlisle
Title-Residential Freehold

No agent assigned

Welcome to this beautifully cared-for residence, featuring 2,361 square feet of well-designed living space in a sought-after neighbourhood of custom-built homes. This property provides outstanding value for a home in Carlisle. Step inside to hardwood floors that flow through the main level, featuring a spacious living room, a separate dining room for formal gatherings and a cozy family room with a gas fireplace - perfect for everyday relaxation. The eat-in kitchen is equipped with a Fisher & Paykel stainless steel fridge, a gas stove, beautiful granite countertops and opens to a bright 3-season sunroom overlooking a serene, private backyard with a deck. The main floor also includes a stylishly updated powder room and laundry room with quartz finishes. Upstairs, you'll find three generously sized bedrooms, including a primary suite with a private ensuite and a second bedroom with ensuite privileges. The finished basement offers a versatile rec room, ideal for entertaining or additional living space. Located just minutes from excellent schools, park, recreation centre, shopping and highway access, this home combines comfort, quality and convenience in a fantastic location. RSA.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,023,920
Land Transfer Taxes$22,073
Legal Fees (Est.)
$
Total cash required for closing$279,553

Total Monthly Obligation

$6,246/mo
Mortgage $5,163
Monthly Loss $4,887
Principal$1,359
Interest$3,804
Property Tax$708
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%0
5-Year IRR
6.8%17
10-Year IRR
8.1%
Returns Index
10.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$49,092/yr
NOI
$31,184/yr
Net Cash Flow
-$2,564/mo
Cash Margin
-62.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
15.6/ 100

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

Comparables

Properties near 1416 Progreston Road

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.