198 Weir Street N, Hamilton

$599,999
198 Weir Street N

$599,999

New
21d
DetachedBungalow

198 Weir Street N, Hamilton

Total Monthly Obligation $3,034

Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
21d
Score
20
Yield
5.1%
Cash on Cash
-1.8%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-X13857790
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-25 × 100 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Age-100+
Taxes-$2,865.31 (2025)
Parking-2 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-HOUSESIGMA INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Aluminum Siding, Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Concrete, Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Normanhurst
Title-Residential Freehold

No agent assigned

Welcome to 198 Weir Street North, a detached bungalow on a 25 x 100 ft corner lot in Hamilton's established Normanhurst neighbourhood. The main floor is bright and easy to live in, with a comfortable living room and an open concept kitchen and dining area featuring granite counters, a backsplash and stainless steel appliances. Two well sized bedrooms and a 3 piece bathroom with glass shower doors complete the level. The finished basement adds real flexibility with a spacious rec room, a separate sitting area, a third bedroom, a second bathroom and a laundry room, ideal for guests, a home office or extended family. Carpet free with laminate flooring throughout, plus a convenient built-in office space for working from home. Key updates include a new fence (2022), new roof (2024) and new A/C (2024). Outside, enjoy a private fenced backyard for kids, pets and summer evenings, plus a private double driveway with parking for two. Central air and gas forced air heating keep things comfortable all year round. The location makes everyday life easy. Andy Warburton Park is just steps away, and schools, shops and daily services along Kenilworth Avenue and Barton Street are only minutes from your door. The Ottawa Street shopping district, Gage Park and Tim Hortons Field are a short drive, and commuters will love the quick access to the Red Hill Valley Parkway, the Lincoln Alexander Parkway and the QEW, with HSR transit close by. Perfect for first time home buyers ready to stop renting and start building equity, and for downsizers who want easy one level living with extra space downstairs for family and guests. Investors will also appreciate the flexible layout and convenient east end location. Book your private showing today!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$479,999
Land Transfer Taxes$8,475
Legal Fees (Est.)
$
Total cash required for closing$129,975

Total Monthly Obligation

$3,034/mo
Mortgage $2,420
Monthly Loss $2,397
Principal$637
Interest$1,783
Property Tax$239
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-6.9%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$30,504/yr
NOI
$20,088/yr
Net Cash Flow
-$746/mo
Cash Margin
-29.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
27.1/ 100

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

Comparables

Properties near 198 Weir Street N

Time

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