71 Margate Avenue, Hamilton

$999,990
71 Margate Avenue

$999,990

Sold Conditional Escape
21d
Detached2-Storey

71 Margate Avenue, Hamilton

Total Monthly Obligation $5,003

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
21d
Score
15
Yield
3.6%
Cash on Cash
-9.2%
Cap Rate
2.6%
5Y IRR
8.3%
10Y IRR
9.0%
Property Type-Detached
MLS® Number-X13857786
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-60.4 × 110.2 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$7,133 (2026)
Parking-6 - Attached
Basement-Separate Entrance, Full, Walk-Up
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Wood
Pool-Inground
Facing-North
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Sherwood
Title-Residential Freehold

No agent assigned

Welcome to 71 Margate Avenue, ideally situated just steps from Hamilton's stunning Mountain Brow, Kenilworth Stairs and Bruce Trail! Offering an impressive 1,897 sqft above grade plus an additional 904 sqft of finished basement space, this spacious 2-storey home provides nearly 2,800 sqft of finished living space with plenty of room for the entire family.Featuring 4 bedrooms and 3 bathrooms, the main level offers a large, bright living room highlighted by an impressive floor-to-ceiling window, laminate flooring, an eat-in kitchen,separate dining room, and a cozy den with fireplace. Step outside and enjoy the large covered front porch or retreat to the private backyard, where mature privacy hedges surround a fenced-in inground pool, perfect for summer entertaining and relaxing with family and friends.The fully finished basement adds valuable additional living space and features a separate walk-up entrance to the yard, offering excellent potential for an in-law suite, extended family living, home office, recreation space, or additional accommodations.A double car garage provides convenient inside entry to the home along with a separate exterior door to the side yard, while the 4 car concrete driveway offers plenty of additional parking.With generous storage throughout, multiple living spaces, a private backyard and a highly versatile floor plan, there is plenty of room to make this home your own.All of this in a fantastic Hamilton Mountain location surrounded by some of the city's best outdoor amenities, walking trails, escarpment views and recreation. A wonderful opportunity to enjoy space, versatility and an exceptional location!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$799,992
Land Transfer Taxes$16,475
Legal Fees (Est.)
$
Total cash required for closing$217,973

Total Monthly Obligation

$5,003/mo
Mortgage $4,034
Monthly Loss $3,942
Principal$1,061
Interest$2,972
Property Tax$594
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.1%
Returns Index
7.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$35,736/yr
NOI
$20,529/yr
Net Cash Flow
-$2,323/mo
Cash Margin
-78.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
17.3/ 100

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

Comparables

Properties near 71 Margate Avenue

Time

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Data last updated within the past 24 hours.