29 Thorndale Street S, Hamilton

$760,000
29 Thorndale Street S

$760,000

New
24d
DetachedBungalow

29 Thorndale Street S, Hamilton

Total Monthly Obligation $3,966

HausQ Valuation Report
Beds
6
Baths
2
Park
4
Sqft
700-1100
DOM
24d
Score
18
Yield
5.0%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13839894
Beds-6
Bathrooms-2
Size-700-1100 sqft
Lot Size-40 × 100 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$6,302.9 (2026)
Parking-4 - None
Basement-Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-FOREST HILL REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Other
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Ainslie Wood
Title-Residential Freehold

No agent assigned

Discover an exceptional investment opportunity ideally located within walking distance to McMaster University. This recently renovated property is perfectly suited for student housing, offering strong rental potential and consistent demand. It is also an excellent option for families, with the opportunity to generate additional rental income from the fully independent basement. With a total of 6 bedrooms, this property allows for maximum rental income by leasing each room individually. (Rental Income in this case can reach to approximately $4400/month). A spacious backyard adds to the appeal, offering plenty of room for outdoor enjoyment. Whether you are an investor looking to expand your portfolio or seeking a versatile home near a major university, this opportunity delivers both convenience and profitability.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$608,000
Land Transfer Taxes$11,675
Legal Fees (Est.)
$
Total cash required for closing$165,175

Total Monthly Obligation

$3,966/mo
Mortgage $3,066
Monthly Loss $3,159
Principal$807
Interest$2,259
Property Tax$525
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.1%30
10-Year IRR
9.9%
Returns Index
16.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$37,872/yr
NOI
$23,282/yr
Net Cash Flow
-$1,125/mo
Cash Margin
-35.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
21.6/ 100

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

Comparables

Properties near 29 Thorndale Street S

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.

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Data last updated within the past 24 hours.