83 Delmar Drive, Hamilton

$879,900
83 Delmar Drive

$879,900

Price Change
35d
DetachedBacksplit 3

83 Delmar Drive, Hamilton

Total Monthly Obligation $4,402

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
35d
Score
16
Yield
3.9%
Cash on Cash
-7.4%
Cap Rate
3.0%
5Y IRR
9.7%
10Y IRR
10.0%
Property Type-Detached
MLS® Number-X13805558
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-57 × 110 ft
Listed on site-Sep 18, 2026
Style-Backsplit 3
Building Type-Detached
Taxes-$5,730.62 (2026)
Parking-5 - Carport
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Buchanan
Title-Residential Freehold

No agent assigned

Welcome to this beautifully updated 4-level backsplit in Hamilton's sought-after Buchanan neighbourhood. Extensively renovated in 2022, this move-in ready family home offers 4 bedrooms, 2 full bathrooms, a finished basement, and a functional layout designed for modern living. The stunning kitchen features contemporary finishes and flows seamlessly into the main living areas, while the finished lower level includes a large recreation space, full bathroom, dedicated laundry room, and separate entrance with potential for multi-generational living. Step outside to your private backyard retreat complete with an inground pool, hot tub, patio area, and mature landscaping. Situated on a generous 57' x 110' lot, just steps to Mohawk College, schools, parks, shopping, transit, and convenient highway access. A rare opportunity to own a fully renovated family home in one of Hamilton Mountain's most established, family-friendly neighbourhoods.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$703,920
Land Transfer Taxes$14,073
Legal Fees (Est.)
$
Total cash required for closing$191,553

Total Monthly Obligation

$4,402/mo
Mortgage $3,549
Monthly Loss $3,468
Principal$934
Interest$2,615
Property Tax$478
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.5%0
5-Year IRR
6.6%17
10-Year IRR
8.0%
Returns Index
9.6/ 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
$34,596/yr
NOI
$20,906/yr
Net Cash Flow
-$1,807/mo
Cash Margin
-62.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.1/ 100

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

Comparables

Properties near 83 Delmar 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.