132 Herkimer Street, Hamilton

$878,899
132 Herkimer Street

$878,899

New
21d
Detached2-Storey

132 Herkimer Street, Hamilton

Total Monthly Obligation $4,546

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
21d
Score
16
Yield
4.2%
Cash on Cash
-7.2%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.2%
Property Type-Detached
MLS® Number-X13855580
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-24 × 134 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$7,505.87 (2026)
Parking-2 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER COMMUNITY PROFESSIONALS
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Other, Stone
Sewer-Sewer
Possession-60 days
Neighbourhood-Durand
Title-Residential Freehold

No agent assigned

This is the one you've been waiting for. A gracious, character-filled home where high ceilings, archways, a decorative fireplace, grand foyer, butler stairs and an inviting front porch speak to an earlier era of Hamilton architecture, while thoughtful updates have allowed the home to evolve beautifully for modern family life. This well-maintained 3-bedroom, 2.5-bath home offers generous principal rooms, original details and wonderful flexibility. The main floor features a spacious living room with decorative fireplace and room for a grand piano, plus a second sitting area that could easily serve as a family room, dining room or additional living space. The eat-in kitchen is complemented by a bright rear room ideal for dining or a home office, with a cozy fireplace, walkout to the large deck and beautifully landscaped backyard. Upstairs are three bedrooms and two full bathrooms, with hardwood flooring adding warmth throughout. Original character shines through in the beautiful front door and welcoming porch overlooking the landscaped grounds. Outdoor spaces are designed for both enjoyment and easy care, with interlock, garden beds, river rock, stepping stones and private rear parking. Important updates include dishwasher (2026), rear dining room roof (2024), washer/dryer (2023), sump pump, porch roof, chimney work and city water main (2020), hardwood flooring, kitchen updates, rebuilt and reinforced main staircase, rear staircase improvements, structural reinforcement in the rear dining room and replacement of all interior doors (2019/20), paving and landscaping (2017/18), fencing (2016), and downspout improvements and foundation repointing (2014). A wonderful opportunity to own a character-filled home in one of Hamilton's most established and walkable historic neighbourhoods, close to parks, trails, Locke Street and James Street South. Surrounded by mature streets, beautiful architecture and a truly connected community.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$703,119
Land Transfer Taxes$14,053
Legal Fees (Est.)
$
Total cash required for closing$191,333

Total Monthly Obligation

$4,546/mo
Mortgage $3,545
Monthly Loss $3,613
Principal$933
Interest$2,612
Property Tax$625
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
6.7%17
10-Year IRR
8.1%
Returns Index
9.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$36,816/yr
NOI
$21,129/yr
Net Cash Flow
-$1,785/mo
Cash Margin
-58.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.7/ 100

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

Comparables

Properties near 132 Herkimer Street

Time

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