121 West 23rd Street, Hamilton

$888,000
121 West 23rd Street

$888,000

New
28d
DetachedBungalow

121 West 23rd Street, Hamilton

Total Monthly Obligation $4,490

Beds
5
Baths
3
Park
4
Sqft
700-1100
DOM
28d
Score
16
Yield
3.7%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.8%
10Y IRR
9.3%
Property Type-Detached
MLS® Number-X13832480
Beds-5
Bathrooms-3
Size-700-1100 sqft
Lot Size-50 × 120 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$6,400 (2025)
Parking-6 - Detached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Westcliffe
Title-Residential Freehold

No agent assigned

$4,000 Buyer Closing Bonus Upon Closing! Step into luxury living in this stunning, fully renovated bungalow in the sought-after West Mountain area. Renovated from top to bottom with high-end finishes, this home offers style, comfort and exceptional versatility.The bright open-concept main floor features a chef's kitchen with quartz countertops, custom cabinetry, farmhouse sink, integrated dishwasher & microwave, and KitchenAid gas range. Two bedrooms, main-floor laundry and a spa-inspired bathroom with heated floors, deep soaker tub and walk-in shower with his-and-hers temperature controls and memory rain shower heads complete the main level.The flexible separate entrance leads to a 1-bedroom legal lower-level suite plus two additional rooms. The lower level includes a 3-piece bath, kitchen, living room with egress window, laundry and built-in cedar sauna.Enjoy a professionally landscaped private backyard with lush gardens, flagstone and pavers, plus a covered lounge area with oversized ceiling fan. A newly constructed detached double-car brick garage offers 100-amp service and EV charger readiness.With a legal lower suite, separate entrance, premium renovations, beautiful outdoor space and impressive detached garage, this property offers exceptional flexibility for families, extended family or additional living arrangements.

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

Closing Costs

Mortgage Amount
$710,400
Land Transfer Taxes$14,235
Legal Fees (Est.)
$
Total cash required for closing$193,335

Total Monthly Obligation

$4,490/mo
Mortgage $3,582
Monthly Loss $3,548
Principal$943
Interest$2,639
Property Tax$533
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.7%0
5-Year IRR
5.7%13
10-Year IRR
7.3%
Returns Index
7.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$33,000/yr
NOI
$18,800/yr
Net Cash Flow
-$2,015/mo
Cash Margin
-73.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
18.6/ 100

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

Comparables

Properties near 121 West 23rd Street

Time

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