78 Hillyard Street E, Hamilton

$559,999
78 Hillyard Street E

$559,999

New
22d
Detached1 1/2 Storey

78 Hillyard Street E, Hamilton

Total Monthly Obligation $2,809

Beds
4
Baths
4
Park
4
Sqft
1100-1500
DOM
22d
Score
47
Yield
7.9%
Cash on Cash
11.2%
Cap Rate
7.0%
5Y IRR
24.7%
10Y IRR
22.2%
Property Type-Detached
MLS® Number-X13849830
Beds-4
Bathrooms-4
Size-1100-1500 sqft
Lot Size-36.56 × 102 ft
Listed on site-Oct 1, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$2,102.26 (2026)
Parking-6 - Carport
Basement-Walk-Up, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding, Wood
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Industrial Sector
Title-Residential Freehold

No agent assigned

A rare and versatile opportunity for investors, entrepreneurs, and buyers seeking a substantially renovated property with exceptional flexibility and future potential. Extensively renovated from top to bottom, this move-in-ready property features 4 spacious bedrooms, 4 full bathrooms, 2 modern kitchens, and a separate basement entrance, offering excellent versatility for large families and additional income potential, subject to applicable requirements. Major upgrades include new electrical wiring with 200-amp service, updated plumbing, a newer furnace, central air conditioning, insulation, drywall, siding, roofing, gutters, flooring, widened water service line, new water meter, new gas meter, and a new water heater. Both kitchens feature brand-new Samsung appliances, while all bathrooms have been completely renovated with modern finishes. Situated on a prominent corner lot, the property offers 6+ parking spaces, two separate access gates, a new concrete driveway, metal-roof carport, full vinyl fencing, and a spacious backyard. The M6 zoning designation provides an opportunity to explore a variety of permitted and conditional uses, making this property particularly attractive to buyers looking for flexibility beyond a traditional residential investment. Conveniently located with a bus stop at the doorstep and just minutes from West Harbour GO Station, Downtown Hamilton, waterfront parks, shopping, and quick QEW access to Toronto and Niagara. A unique combination of extensive renovations, versatile interior space, significant parking, corner-lot exposure, strategic location, and M6 zoning offering investors and buyers an exciting opportunity to explore the possibilities. Buyers and their representatives are encouraged to verify specific permitted uses, regulations, and municipal requirements for their intended use directly with the City of Hamilton.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$447,999
Land Transfer Taxes$7,675
Legal Fees (Est.)
$
Total cash required for closing$121,175

Total Monthly Obligation

$2,809/mo
Mortgage $2,259
Monthly Loss $2,215
Principal$594
Interest$1,664
Property Tax$175
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.9%49
Cash-on-Cash
5.0%22
5-Year IRR
19.7%91
10-Year IRR
18.4%
Returns Index
55.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
47/ 100
Poor•Caution

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$44,100/yr
NOI
$33,088/yr
Net Cash Flow
$498/mo
Cash Margin
13.6%43
Cash Flow Index
42.9/ 100
Risk Profile
Weight: 20%
DSCR
1.2247
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
40.7/ 100

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

Comparables

Properties near 78 Hillyard Street E

Time

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