3144 Homestead Drive, Hamilton

$929,900
3144 Homestead Drive

$929,900

New
21d
Detached1 1/2 Storey

3144 Homestead Drive, Hamilton

Total Monthly Obligation $4,478

HausQ Valuation Report
Beds
4
Baths
3
Park
6
Sqft
1100-1500
DOM
21d
Score
18
Yield
4.5%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Detached
MLS® Number-X13854246
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-75.9 × 330 ft
Listed on site-Oct 2, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$4,230.04 (2025)
Parking-7 - Detached
Basement-Separate Entrance, Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flex
Neighbourhood-Mount Hope
Title-Residential Freehold

No agent assigned

Welcome to 3144 Homestead Drive, a fully rebuilt 2-storey home set on approximately half an acre in the heart of Mount Hope. Featuring a flexible layout with 2+2 bedrooms, 2.5 bathrooms, two kitchens, two laundry areas and a separate entrance, this property provides plenty of space and versatility. Outside, you'll find a detached garage and parking for 6+ vehicles. The property is zoned District Commercial (C6), offering a range of permitted commercial and mixed-use opportunities, subject to applicable zoning provisions and approvals. Conveniently located close to Hamilton International Airport, highway access, shopping and everyday amenities. A unique opportunity combining space, location and flexibility in Mount Hope.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$743,920
Land Transfer Taxes$15,073
Legal Fees (Est.)
$
Total cash required for closing$202,553

Total Monthly Obligation

$4,478/mo
Mortgage $3,751
Monthly Loss $3,491
Principal$987
Interest$2,764
Property Tax$353
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.2%30
10-Year IRR
9.9%
Returns Index
16.2/ 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
$41,700/yr
NOI
$28,800/yr
Net Cash Flow
-$1,351/mo
Cash Margin
-38.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo34
Risk Index
20.0/ 100

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

Comparables

Properties near 3144 Homestead 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.

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

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Data last updated within the past 24 hours.