4 SUMMIT Drive, Hamilton

$1,599,900
4 SUMMIT Drive

$1,599,900

New
29d
DetachedBungaloft

4 SUMMIT Drive, Hamilton

Total Monthly Obligation $7,619

Beds
5
Baths
3
Park
6
Sqft
1500-2000
DOM
29d
Score
15
Yield
3.4%
Cash on Cash
-9.4%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.9%
Property Type-Detached
MLS® Number-X13825988
Beds-5
Bathrooms-3
Size-1500-2000 sqft
Lot Size-60.11 × 153.27 ft
Listed on site-Sep 24, 2026
Style-Bungaloft
Building Type-Detached
Taxes-$9,480 (2025)
Parking-8 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Living Room, Natural Gas, Rec Room
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession--
Neighbourhood-Waterdown
Title-Residential Freehold

No agent assigned

Welcome to 4 Summit Drive, a beautifully designed 1,822 square foot bungaloft situated on a generous 60.11' x 153.27' lot in the desirable community of Waterdown. Offering an exceptional blend of style, comfort, space and versatility, this home features two spacious main-level bedrooms, hardwood floors, a large kitchen with an abundance of cabinetry and generous granite counter space and an inviting great room with gas fireplace and pot lights. The bright sunroom, complete with its own fireplace, overlooks the serene, spacious backyard and offers a peaceful retreat with access to the concrete patio and walkway. The upper-level loft features skylights and provides endless possibilities as an additional bedroom, family room, home office, playroom or private retreat. The fully finished basement expands the living space with wide-plank hardwood flooring, two additional bedrooms, a recreation room with wet bar, family/media room with gas fireplace, three-piece bathroom, pot lights, generous storage and a walk-in closet. An oversized double-car heated garage with high ceilings provides ample room for vehicles, storage and additional workspace. Ideally situated in Waterdown, this home offers the best of community living with convenient access to parks, trails, shopping, restaurants, recreation and everyday amenities, while major highways and Aldershot GO provide excellent connectivity to Burlington, Hamilton and the greater GTA. Set on an exceptional lot with plenty of outdoor space, this versatile home offers a rare combination of generous proportions, multiple living areas, thoughtful features and a peaceful setting-an ideal opportunity to enjoy comfortable living in a welcoming and well-connected community. RSA

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

Closing Costs

Mortgage Amount
$1,279,920
Land Transfer Taxes$28,473
Legal Fees (Est.)
$
Total cash required for closing$349,953

Total Monthly Obligation

$7,619/mo
Mortgage $6,454
Monthly Loss $5,920
Principal$1,698
Interest$4,755
Property Tax$790
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.5%0
5-Year IRR
5.7%13
10-Year IRR
7.3%
Returns Index
8.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$53,748/yr
NOI
$34,393/yr
Net Cash Flow
-$3,587/mo
Cash Margin
-80.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
14.1/ 100

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

Comparables

Properties near 4 SUMMIT 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.