38 Enmore Avenue, Hamilton

$1,199,000
38 Enmore Avenue

$1,199,000

New
25d
DetachedBungalow

38 Enmore Avenue, Hamilton

Total Monthly Obligation $5,778

Beds
4
Baths
3
Park
5
Sqft
1100-1500
DOM
25d
Score
15
Yield
3.5%
Cash on Cash
-8.5%
Cap Rate
2.7%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Detached
MLS® Number-X13834220
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-75 × 110 ft
Listed on site-Sep 28, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$6,798.92 (2026)
Parking-6 - Attached
Basement-Finished, Apartment
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-North
Exterior-Brick, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Flexible
Neighbourhood-Ancaster
Title-Residential Freehold

No agent assigned

This is not your typical bungalow! Thousands have been invested to completely reimagine this home, blending modern, open-concept living with warm architectural character and a striking ranch-inspired aesthetic. The extended front porch and dramatic timber framing create exceptional curb appeal, while a gorgeous new front door and all-new windows introduce a bright, welcoming interior. Designed for entertaining, the open-concept main level is anchored by a beautifully appointed modern kitchen with an oversized quartz island and generous gathering space. Thoughtfully preserved details including the original brick (electric) fireplace with custom wood beam mantel and vintage textured plaster ceilings, add warmth and personality to the contemporary renovation. Offering 3+1 bedrooms and 3 full bathrooms, the impressive primary retreat features a cathedral ceiling and modern glass barn doors that lead to the spa inspired ensuite . The finished lower level has its own separate entrance and is currently configured as a fully self-contained in-law/nanny suite, complete with bedroom, kitchen, living area and full bath - ideal for multigenerational living or potential supplemental income. Outside, there is extensive professional landscaping including new paver-stone walkways and a large backyard patio designed for outdoor entertaining. Parking for 6 with a 5-car driveway plus attached single garage. This is an exceptionally convenient Ancaster location with quick access to Hwy 403, transit, schools, shopping and everyday amenities. A bungalow transformed.... It is stylish, functional and anything but ordinary.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$959,200
Land Transfer Taxes$20,455
Legal Fees (Est.)
$
Total cash required for closing$261,755

Total Monthly Obligation

$5,778/mo
Mortgage $4,836
Monthly Loss $4,505
Principal$1,273
Interest$3,564
Property Tax$567
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.1%0
5-Year IRR
6.1%15
10-Year IRR
7.6%
Returns Index
8.7/ 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
$42,516/yr
NOI
$26,965/yr
Net Cash Flow
-$2,589/mo
Cash Margin
-73.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.1/ 100

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

Comparables

Properties near 38 Enmore Avenue

Time

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