137 East 16th Street, Hamilton

$599,900
137 East 16th Street

$599,900

New
31d
DetachedBungalow

137 East 16th Street, Hamilton

Total Monthly Obligation $3,206

Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
31d
Score
18
Yield
4.6%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Detached
MLS® Number-X13812676
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-30 × 114 ft
Listed on site-Sep 22, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,936.44 (2026)
Parking-1 - None
Basement-Separate Entrance, Walk-Up, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Inch Park
Title-Residential Freehold

No agent assigned

Welcome to 137 East 16th Street, a lovingly maintained bungalow in Hamilton's family-friendly Inch Park neighbourhood. Some homes simply feel special the moment you walk through the door-and this is one of them. Cherished by its original owner for decades, this home reflects years of pride, care and family memories while offering an exciting opportunity for its next chapter. Filled with natural light, the main level features 3 bedrooms, a welcoming family room, dedicated dining room, kitchen and spacious 5-piece bathroom with the bonus of a bidet. The comfortable layout offers plenty of room for everyday family living, entertaining and gathering together. Downstairs, the partially finished basement adds incredible versatility with a second kitchen, 3-piece bathroom, wood-burning fireplace, spacious laundry room and plenty of additional living and storage space. A separate walk-up entrance provides excellent potential for an in-law suite, multigenerational living or additional space for a growing family. Outside, enjoy a fully fenced rear yard with a storage shed and convenient rear access to the alleyway, plus a private single-car driveway. Clean, well cared for and filled with potential, this is a home you can comfortably enjoy today while updating and personalizing over time. Located in an established Hamilton Mountain neighbourhood close to schools, parks, shopping, transit and everyday amenities. A wonderful opportunity to make a much-loved home your own and begin its next generation of memories.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,206/mo
Mortgage $2,420
Monthly Loss $2,569
Principal$637
Interest$1,783
Property Tax$411
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.4%1
5-Year IRR
7.5%20
10-Year IRR
8.7%
Returns Index
11.5/ 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
$27,780/yr
NOI
$15,566/yr
Net Cash Flow
-$1,123/mo
Cash Margin
-48.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.545
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.6/ 100

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

Comparables

Properties near 137 East 16th Street

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.