15 Clearwater Drive, Hamilton

$699,888
15 Clearwater Drive

$699,888

Price Change
35d
DetachedBungalow

15 Clearwater Drive, Hamilton

Total Monthly Obligation $3,621

Beds
3
Baths
2
Park
1
Sqft
700-1100
DOM
35d
Score
16
Yield
3.3%
Cash on Cash
-10.7%
Cap Rate
2.3%
5Y IRR
7.2%
10Y IRR
8.1%
Property Type-Detached
MLS® Number-X13804548
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-42.49 × 103.1 ft
Listed on site-Sep 18, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,076.59 (2026)
Parking-2 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE MACRO REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Rolston
Title-Residential Freehold

No agent assigned

Welcome to 15 Clearwater Drive, a lovingly maintained bungalow that has been proudly owned by the same family since 1978. Offering a longlist of updates and quality improvements, this home is ready for its next owners. The bright main floor features an updated kitchen with soft-close cabinetry, ample storage, and an open, functional layout. The renovated main bathroom includes luxurious heated floors, while laminateflooring throughout the main level adds warmth and durability. A spacious three-season sunroom provides the perfect place to relax and enjoyevery season. The lower level is largely unfinished, presenting an incredible opportunity to create the space you've always wanted. Whether youenvision a large family room, games room, home gym, or workshop the possibilities are endless. A convenient 3-piece bathroom rough in isalready in place, providing an excellent starting point for your future plans. Major updates include the roof (2022), high-efficiency HVAC systemwith heat pump (2023), refrigerator, washer and dryer (2023), water heater rental (2023), and replacement of all main floor entry doors. Aperimeter weeping system was installed on three sides of the home in 2017 and is passively connected to the municipal sewer system. Additionalfeatures include an automatic roof de-icing cable system to help prevent winter ice buildup. This is a rare opportunity to own a solid,meticulously cared-for home where the major updates have already been completed. Simply move in and enjoy everything this wonderfulproperty has to offer.

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

Closing Costs

Mortgage Amount
$559,910
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,951

Total Monthly Obligation

$3,621/mo
Mortgage $2,823
Monthly Loss $2,878
Principal$743
Interest$2,080
Property Tax$423
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-14.9%0
5-Year IRR
4.0%8
10-Year IRR
6.0%
Returns Index
5.4/ 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
$23,292/yr
NOI
$11,386/yr
Net Cash Flow
-$1,874/mo
Cash Margin
-96.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.343
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
21.5/ 100

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

Comparables

Properties near 15 Clearwater 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.