22 Parkside Drive, Hamilton

$849,900
22 Parkside Drive

$849,900

New
26d
Detached2-Storey

22 Parkside Drive, Hamilton

Total Monthly Obligation $4,263

HausQ Valuation Report
Beds
4
Baths
3
Park
2
Sqft
1100-1500
DOM
26d
Score
16
Yield
4.0%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Detached
MLS® Number-X13833374
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-34 × 98.7 ft
Listed on site-Sep 27, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,512 (2026)
Parking-2 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-1ST SUNSHINE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick, Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-90+ days
Neighbourhood-Westdale
Title-Residential Freehold

No agent assigned

Welcome to 22 Parkside Drive, a well-maintained 4-bedroom, 2-storey home ideally situated on a quiet street directly across from Churchill Park in the heart of highly sought-after Westdale. Offering a functional and versatile layout, the home features three bedrooms on the second floor plus an additional main-floor bedroom. The main level also offers wheelchair ramp access and a conveniently located washroom, providing added accessibility and flexibility for multi-generational living. Enjoy an exceptional location within walking distance to McMaster University, schools, public transit, shops, restaurants and everyday amenities, with beautiful Princess Point and nearby trails just a short stroll away. Easy access to Highway 403 makes commuting convenient. Currently tenanted until April 30, 2027, providing immediate rental income for the new owner. An excellent opportunity for investors or future end-users to secure a home in one of Hamilton's most established and desirable neighbourhood.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,263/mo
Mortgage $3,428
Monthly Loss $3,360
Principal$902
Interest$2,526
Property Tax$459
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.4%0
5-Year IRR
6.7%17
10-Year IRR
8.0%
Returns Index
9.7/ 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
$33,672/yr
NOI
$20,293/yr
Net Cash Flow
-$1,737/mo
Cash Margin
-61.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.6/ 100

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

Comparables

Properties near 22 Parkside 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.

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Data last updated within the past 24 hours.