38 East 17th Street, Hamilton

$649,900
38 East 17th Street

$649,900

Price Change
40d
Detached2-Storey

38 East 17th Street, Hamilton

Total Monthly Obligation $3,368

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
40d
Score
19
Yield
5.1%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X13780682
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-33 × 114 ft
Listed on site-Sep 13, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,462.33 (2026)
Parking-3 - None
Basement-Full, Partially Finished, Walk-Up
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Mid December pref
Neighbourhood-Inch Park
Title-Residential Freehold

No agent assigned

Welcome to 38 East 17th! This fully detached brick home is the perfect blend of modern finishes and quality 1930's architecture. Stepping into the foyer you're greeted with high ceilings, natural light and original hardwood flooring that continues through the living and dining room. The living space features charming stained-glass windows, pot lights and a gas fireplace with custom shiplap surround. Moving into the dining room you'll find a wonderful coffee bar with additional cabinetry, modern light fixture, large window and expanded opening into the kitchen with a wood island top. The kitchen is light and bright with updated stainless-steel appliances and plenty of cupboard space. Head upstairs to find 3 generous bedrooms with new flooring, fixtures and warm paint tones, including a large primary with custom storage. Rounding out the floor is a renovated 3-piece bathroom with a walk-in shower. The basement has been thoughtfully maximized to include a family room/den, new 5-piece bathroom, laundry and extra storage. 38 East 17th is situated on a 33x117ft lot that provides an inviting front yard with a large covered porch, a perfect back deck and lots of grass and gardening space. Located in the Inch Park neighbourhood this home offers unbeatable proximity to great parks, schools, transit routes and the shopping, dining and entertainment offered by Concession Street. This turnkey home is the perfect opportunity for someone starting their homebuying journey or looking for more space to accommodate a growing family.

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

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,368/mo
Mortgage $2,622
Monthly Loss $2,679
Principal$690
Interest$1,932
Property Tax$372
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.8%1
5-Year IRR
9.5%32
10-Year IRR
10.2%
Returns Index
17.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,868/yr
NOI
$20,619/yr
Net Cash Flow
-$903/mo
Cash Margin
-33.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.668
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
24.6/ 100

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

Comparables

Properties near 38 East 17th Street

Time

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