227 East 23rd Street, Hamilton

$429,000
227 East 23rd Street

$429,000

New
30d
Detached1 1/2 Storey

227 East 23rd Street, Hamilton

Total Monthly Obligation $2,448

Beds
3
Baths
1
Park
2
Sqft
1100-1500
DOM
30d
Score
24
Yield
6.7%
Cash on Cash
2.9%
Cap Rate
5.2%
5Y IRR
17.9%
10Y IRR
16.5%
Property Type-Detached
MLS® Number-X13819610
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-25.5 × 133 ft
Listed on site-Sep 23, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$4,112 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ABOUTOWNE REALTY CORP.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Eastmount
Title-Residential Freehold

No agent assigned

This charming 3-bedroom home offers a functional layout with rare two-car parking and a convenient main floor primary bedroom featuring a built-in closet system on a133 FT x 25.5 FT lot. The updated kitchen showcases a classic subway tile backsplash and stainless steel appliances, blending style and practicality. The upper level features two spacious bedrooms, perfect for family, guests, or a home office. Enjoy both a front and back porch perfect for morning coffee or relaxing evenings. The unfinished basement provides excellent potential for future customization. Brand new roof just installed. Ideally located on Hamilton Mountain, close to parks, schools, shopping, transit, and easy highway access. Ideal for first-time buyers, downsizers, or investors!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$343,200
Land Transfer Taxes$5,055
Legal Fees (Est.)
$
Total cash required for closing$92,355

Total Monthly Obligation

$2,448/mo
Mortgage $1,730
Monthly Loss $1,993
Principal$455
Interest$1,275
Property Tax$343
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.8%3
5-Year IRR
12.8%56
10-Year IRR
12.9%
Returns Index
29.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$28,788/yr
NOI
$17,297/yr
Net Cash Flow
-$289/mo
Cash Margin
-12.0%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
33.8/ 100

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

Comparables

Properties near 227 East 23rd Street

Time

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Data last updated within the past 24 hours.