55 Magnificent Way, Hamilton

$869,900
55 Magnificent Way

$869,900

New
28d
Detached2-Storey

55 Magnificent Way, Hamilton

Total Monthly Obligation $4,303

HausQ Valuation Report
Beds
3
Baths
4
Park
4
Sqft
1500-2000
DOM
28d
Score
18
Yield
4.4%
Cash on Cash
-4.8%
Cap Rate
3.5%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Detached
MLS® Number-X13829336
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-39.44 × 114.8 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,030 (2025)
Parking-6 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-iCloud Realty Ltd.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Natural Gas
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Binbrook
Title-Residential Freehold

No agent assigned

Welcome to 55 Magnificent Way, a beautifully appointed detached home in the desirable Binbrook community. Offering approximately 1,860 sq. ft. of living space, this spacious 3-bedroom, 4-bathroom residence combines comfort, functionality and style. The inviting main floor features a warm and welcoming living space with fireplace, well-appointed kitchen and convenient 2-piece powder room. Upstairs offers three generous bedrooms, including a spacious primary suite with private ensuite, plus a second full bathroom. The finished basement adds valuable flexible living space with an additional 2-piece bath-perfect for a recreation room, home office, gym or guest area. Enjoy outdoor living on the rear deck, along with the convenience of a double garage and ample driveway parking. Situated in a desirable family-friendly neighbourhood close to parks, schools, shopping and local amenities. Move-in ready and offering exceptional versatility for today's lifestyle-don't miss this opportunity to make Magnificent Way your new home!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$695,920
Land Transfer Taxes$13,873
Legal Fees (Est.)
$
Total cash required for closing$189,353

Total Monthly Obligation

$4,303/mo
Mortgage $3,509
Monthly Loss $3,380
Principal$923
Interest$2,586
Property Tax$419
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.0%1
5-Year IRR
8.5%26
10-Year IRR
9.4%
Returns Index
14.1/ 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
$38,568/yr
NOI
$25,181/yr
Net Cash Flow
-$1,411/mo
Cash Margin
-43.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
20.1/ 100

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

Comparables

Properties near 55 Magnificent Way

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.