86 Monte Drive, Hamilton

$1,189,000
86 Monte Drive

$1,189,000

New
36d
Detached2-Storey

86 Monte Drive, Hamilton

Total Monthly Obligation $5,865

Beds
5
Baths
4
Park
4
Sqft
2500-3000
DOM
36d
Score
18
Yield
4.8%
Cash on Cash
-3.5%
Cap Rate
3.8%
5Y IRR
12.8%
10Y IRR
12.4%
Property Type-Detached
MLS® Number-X13796834
Beds-5
Bathrooms-4
Size-2500-3000 sqft
Lot Size-60.03 × 100 ft
Listed on site-Sep 17, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$8,332 (2026)
Parking-6 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Wood
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Gershome
Title-Residential Freehold

No agent assigned

This house was designed, sited, and finished by the only family it's ever belonged to, on a lot they chose over 40 years ago, in one of Hamilton's most connected pockets. That history is written into 86 Monte Drive, with solid oak doors, floors, and trim, marble thresholds, hand-finished plaster walls, and handmade mouldings. These choices were made when it was first built, with materials meant to last. Four decades later, the craftsmanship still holds up. With 4883 sq. ft. of total living space, there's plenty of room to move through. The kitchen likes being the centre of attention. It can draw a crowd without ever feeling crowded. Solid wood cabinets give every small appliance a proper home. There's a tucked-away homework station, plus room for an island or kitchen table. To one side of the kitchen, the formal living room opens to a dining room that fits a table for 10. On the other, the sunken family room easily takes a three-seater and an oversized sectional without feeling tight, with an oversized, wood-burning fireplace anchoring the space. Step out back and two patios offer views of what 40 years of planting and love have produced: mature gardens, a vegetable patch, a grapevine, and various fruit trees. The main-floor bedroom suits anyone avoiding stairs, and upstairs are four more: three fit queen beds, the primary with its own ensuite and large enough for a king without squeezing in the rest of your furniture. The finished basement has its own entrance and kitchen, plus a soundproofed room built for music that could be converted into a bedroom, giving the space potential as an in-law suite or rental unit. There's also a cantina, and storage space once used for wine-making and workshop. This Stoney Creek street is quiet, in a fully developed subdivision with no further expansions planned. Schools, Eastgate Square, and downtown Stoney Creek are minutes away, with easy access to the Red Hill Parkway, QEW, 403, and Linc, keeping you connected in all directions.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$951,200
Land Transfer Taxes$20,255
Legal Fees (Est.)
$
Total cash required for closing$259,555

Total Monthly Obligation

$5,865/mo
Mortgage $4,796
Monthly Loss $4,603
Principal$1,262
Interest$3,534
Property Tax$694
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
9.7%33
10-Year IRR
10.3%
Returns Index
17.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$57,000/yr
NOI
$38,468/yr
Net Cash Flow
-$1,590/mo
Cash Margin
-33.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
17.4/ 100

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

Comparables

Properties near 86 Monte Drive

Time

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