240 Emick Drive, Hamilton

$825,000
240 Emick Drive

$825,000

New
25d
Detached2-Storey

240 Emick Drive, Hamilton

Total Monthly Obligation $4,240

Beds
3
Baths
3
Park
1
Sqft
1100-1500
DOM
25d
Score
17
Yield
4.3%
Cash on Cash
-6.5%
Cap Rate
3.2%
5Y IRR
10.4%
10Y IRR
10.6%
Property Type-Detached
MLS® Number-X13836852
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-26.57 × 101.24 ft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$6,452 (2025)
Parking-2 - Attached
Basement-Full, Partially Finished, Walk-Up
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT GOLFI REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Inground, Salt
Facing-South
Exterior-Brick Veneer, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Meadowlands
Title-Residential Freehold

No agent assigned

Your Own Private Backyard Retreat in Ancaster! Set on a quiet court in Ancaster's sought-after Meadowlands, this beautifully maintained 3-bedroom, 3-bathroom home delivers the perfect balance of low-maintenance living, spacious interiors, and exceptional resort-style outdoor enjoyment. The premium pie-shaped lot backs onto school grounds with no rear neighbours, creating a rare sense of privacy and space. The bright, open-concept main floor offers a seamless flow between generous living and dining areas, making everyday living and entertaining effortless. Large windows bring an abundance of natural light throughout, while the spacious primary bedroom features a private ensuite for a comfortable retreat. The true highlight is the resort-style backyard, thoughtfully designed for summer living and entertaining. A sparkling 14' x 28' in-ground saltwater pool, expansive outdoor living space, and charming gazebo create a private oasis for relaxing, hosting family and friends, or enjoying quiet evenings at home. Ideally located within walking distance to schools, parks, shopping, restaurants, banks, and everyday amenities, with quick access to Hwy 403 and the LINC. Included are the outdoor gazebo, saltwater pool equipment and filtration system, robotic pool cleaner, pool storage box with cleaning tools, two wall-mounted garden hose reels, and garage door openers. A rare opportunity to enjoy the privacy and outdoor lifestyle of a premium lot with the convenience of one of Ancaster's most desirable neighbourhoods.

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

Closing Costs

Mortgage Amount
$660,000
Land Transfer Taxes$12,975
Legal Fees (Est.)
$
Total cash required for closing$179,475

Total Monthly Obligation

$4,240/mo
Mortgage $3,328
Monthly Loss $3,365
Principal$876
Interest$2,452
Property Tax$538
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
10.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$35,292/yr
NOI
$20,811/yr
Net Cash Flow
-$1,594/mo
Cash Margin
-54.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.8/ 100

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

Comparables

Properties near 240 Emick 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.