180 Terrace Drive, Hamilton

$679,900
180 Terrace Drive

$679,900

Price Change
38d
DetachedBacksplit 3

180 Terrace Drive, Hamilton

Total Monthly Obligation $3,535

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
38d
Score
20
Yield
5.4%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.4%
10Y IRR
13.7%
Property Type-Detached
MLS® Number-X13788552
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-50 × 93 ft
Listed on site-Sep 15, 2026
Style-Backsplit 3
Building Type-Detached
Age-51-99
Taxes-$5,015.29 (2026)
Parking-4 - Detached
Basement-Finished, Finished with Walk-Out, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT GOLFI REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-30-59 Days
Neighbourhood-Balfour
Title-Residential Freehold

No agent assigned

Welcome to this lovely backsplit, offering a bright and spacious layout with plenty of room for the whole family! Featuring 3 generous-sized bedrooms and 1.5 baths, this home has been thoughtfully updated and is move-in ready. The updated kitchen boasts stainless steel appliances, granite countertops and extended cabinetry, providing both style and functionality. The bright living room features a large bay window that fills the space with natural light and creates a warm, inviting atmosphere. The cozy lower-level family room is a wonderful bonus, with large windows that let in an abundance of natural light and make the space feel anything but like a basement. Convenient lower-level laundry room with walk-out to the backyard adds flexibility and functionality, while offering exciting potential for an in-law suite or rental unit. Detached garage and parking for 4 cars, plus additional street parking, provide plenty of parking options. Ideally located close to schools, shopping, parks and public transit, with easy access to major highways. A wonderful opportunity to own a comfortable, updated home with excellent space, parking and future potential!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$543,920
Land Transfer Taxes$10,073
Legal Fees (Est.)
$
Total cash required for closing$147,553

Total Monthly Obligation

$3,535/mo
Mortgage $2,743
Monthly Loss $2,814
Principal$722
Interest$2,021
Property Tax$418
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
10.6%39
10-Year IRR
11.1%
Returns Index
20.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$36,696/yr
NOI
$23,511/yr
Net Cash Flow
-$783/mo
Cash Margin
-25.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7111
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
24.3/ 100

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

Comparables

Properties near 180 Terrace Drive

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.