279 Hess Street S, Hamilton

$1,345,000
279 Hess Street S

$1,345,000

New
28d
Detached2 1/2 Storey

279 Hess Street S, Hamilton

Total Monthly Obligation $6,261

Beds
4
Baths
4
Park
1
Sqft
2500-3000
DOM
28d
Score
15
Yield
3.1%
Cash on Cash
-9.8%
Cap Rate
2.5%
5Y IRR
7.9%
10Y IRR
8.6%
Property Type-Detached
MLS® Number-X13831394
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-40 × 80 ft
Listed on site-Sep 25, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-New
Taxes-$5,524 (2025)
Parking-2 - Attached
Basement-Unfinished, Separate Entrance, Walk-Up
Heating-Forced Air (Electric)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Durand
Title-Residential Freehold

No agent assigned

One-of-a-Kind newly built never lived in by Stoneybrook Homes in Hamilton's highly sought after historic Durand neighbourhood. Offering 2870 sq ft of living space of finished above grade living space, this exceptional 4 bed home combines the timeless charm classic architecture with comfort, efficiency and sophistication of modern construction. Designed for today's lifestyle or multi-generational living the open concept main floor, 10 ft ceilings,engineered hardwood flooring throughout all levels, smooth ceilings, recessed LED lighting, bright main floor w/versatile office space or den. A rare 4 stop elevator provides seamless access to every level, great for generational living and aging in place for long care convenience. The second floor features a laundry room, a luxurious primary retreat complete w/dual walk-in closets and a spa-inspired w/5 piece ensuite. The third floor offers spacious bedroom or versatile living, 4 piece bath, skylights and natural light, creating the perfect retreat. Designed w/future flexability in mind the home includes separate basement walk up entrance, bathroom roughed in offering excellent potential for future in-law-suite or income generating rental unit. This versatile layout provides privacy and independence while creating opportunities for supplemental income. Built to modern standards, the home includes pre-wiring for security cameras and high-speed internet, central air-conditioning, high efficiency furnace w/HRV system, EV roughed in attached garage, Garage Door Opener, 7 yr Tarion Warranty, Builder Appliance Incentives. The outside is built with clay brick exterior and offers exceptional curb appel with finished private drive, fully fenced in backyard which provides a rare private outdoor retreat. This home delivers a brand new luxury living in one of Hamilton's most prestigious, safe and established neighbourhoods.

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%
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,076,000
Land Transfer Taxes$23,375
Legal Fees (Est.)
$
Total cash required for closing$293,875

Total Monthly Obligation

$6,261/mo
Mortgage $5,425
Monthly Loss $4,833
Principal$1,428
Interest$3,998
Property Tax$460
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.3%12
10-Year IRR
6.9%
Returns Index
7.3/ 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
$41,604/yr
NOI
$27,420/yr
Net Cash Flow
-$3,140/mo
Cash Margin
-90.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
15.2/ 100

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

Comparables

Properties near 279 Hess Street S

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