11 Lorne Avenue, Hamilton

$649,900
11 Lorne Avenue

$649,900

New
29d
Detached2 1/2 Storey

11 Lorne Avenue, Hamilton

Total Monthly Obligation $3,341

HausQ Valuation Report
Beds
5
Baths
2
Park
2
Sqft
1500-2000
DOM
29d
Score
25
Yield
6.5%
Cash on Cash
3.8%
Cap Rate
5.4%
5Y IRR
18.6%
10Y IRR
17.1%
Property Type-Detached
MLS® Number-X13824210
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-21.04 × 105.22 ft
Listed on site-Sep 24, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$4,137 (2026)
Parking-2 - Other
Basement-Apartment, Finished, Separate Entrance
Heating-Forced Air (Electric)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Immediate
Neighbourhood-Blakeley
Title-Residential Freehold

No agent assigned

Two homes, one address, and both are finished fully renovated. The main level opens up brightand wide with hardwood throughout, a family room anchored by a fireplace with built-in shelving,and a custom kitchen that earns its keep: upgraded cabinetry, quartz counters, stainlessappliances, and an island with room for the entire family. Four full-size bedrooms are upstairsalongside a stunning 4-piece bath with heated floors and a beautiful vanity that stops peoplemid-tour. Downstairs is where the numbers get interesting. A private side entrance leads to acompletely separate finished unit, currently vacant, with exposed wood beams, laminate floors,a full kitchen with stainless appliances, its own bedroom, 3-piece bath, and in-suite laundry.Rent it, house family in it, or keep it for yourself. Behind the finishes, the big-ticket items arealready handled: electrical, LED pot lights, ductwork, spray foam insulation, windows and doorsall completed in 2021, plus updated interior plumbing, Furnace 2023, and AC 2021. Walk toGage Park and St. Peter's Hospital. Live in one unit, collect on the other, or enjoy the wholething yourself.

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

Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,341/mo
Mortgage $2,622
Monthly Loss $2,651
Principal$690
Interest$1,932
Property Tax$345
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.6%5
5-Year IRR
14.4%67
10-Year IRR
14.1%
Returns Index
35.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$42,000/yr
NOI
$29,163/yr
Net Cash Flow
-$191/mo
Cash Margin
-5.5%2
Cash Flow Index
1.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9322
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
28.9/ 100

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

Comparables

Properties near 11 Lorne Avenue

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.