387 Upper Gage Avenue, Hamilton

$719,000
387 Upper Gage Avenue

$719,000

New
28d
Detached1 1/2 Storey

387 Upper Gage Avenue, Hamilton

Total Monthly Obligation $3,689

Beds
5
Baths
3
Park
4
Sqft
1100-1500
DOM
28d
Score
19
Yield
5.1%
Cash on Cash
-2.4%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Detached
MLS® Number-X13826966
Beds-5
Bathrooms-3
Size-1100-1500 sqft
Lot Size-50 × 100 ft
Listed on site-Sep 25, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$4,967.57 (2026)
Parking-4 - None
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-CORCORAN HORIZON REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Sunninghill
Title-Residential Freehold

No agent assigned

Three full bathrooms, two full kitchens, and a legal separate entrance, this fully renovated East Mountain duplex at 387 Upper Gage Avenue offers exceptional value at. Sitting on a 50 x 100 ft lot with 4 driveway parking spaces, this like-new home is finished top to bottom with new doors and windows, pot lights throughout, and appliances including fridge, stove, and dishwasher. The main floor offers a bright one bedroom layout with a fully custom kitchen finished in quartz countertops and matching backsplash. Upstairs, two additional bedrooms complete the level with direct backyard access, giving the upper unit its own private outdoor connection. The fully self-contained basement apartment operates entirely independently, with its own separate entrance, two full bedrooms, a second custom kitchen with matching quartz finishes, a full bathroom, and its own dedicated laundry. Approximately 1,980 sq ft of total living space is thoughtfully split between the two units, ideal for an in-law suite, rental income, or extended family living. The upper unit is currently tenanted to an amazing, long-term tenant at $2,735.61/month, inclusive of utilities. Minutes to shopping, the hospital, highway access, and schools, 387 Upper Gage is a legal duplex built for flexibility, income potential, and everyday value.

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

Closing Costs

Mortgage Amount
$575,200
Land Transfer Taxes$10,855
Legal Fees (Est.)
$
Total cash required for closing$156,155

Total Monthly Obligation

$3,689/mo
Mortgage $2,900
Monthly Loss $2,926
Principal$763
Interest$2,137
Property Tax$414
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.2%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$36,852/yr
NOI
$23,699/yr
Net Cash Flow
-$925/mo
Cash Margin
-30.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
23.2/ 100

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

Comparables

Properties near 387 Upper Gage Avenue

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