187 West 2nd Street, Hamilton

$849,000
187 West 2nd Street

$849,000

New
20d
Detached2-Storey

187 West 2nd Street, Hamilton

Total Monthly Obligation $4,229

Beds
5
Baths
3
Park
2
Sqft
1100-1500
DOM
20d
Score
17
Yield
4.4%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Detached
MLS® Number-X13863754
Beds-5
Bathrooms-3
Size-1100-1500 sqft
Lot Size-34 × 100 ft
Listed on site-Oct 3, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,154.45 (2026)
Parking-2 - Other
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground
Facing-East
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Southam
Title-Residential Freehold

No agent assigned

Welcome to 187 West 2nd, located in a prime area of Hamilton with endless potential for investment or move-in. Recently renovated with $$$ throughout and high-quality materials, this home offers 4+1 bedrooms and 3 full bathrooms. Whether you're searching for a family home with room to grow or an investment with future possibilities, A separate side entrance provides huge rental income potential. The spacious backyard has a pool for entertaining guests an dendless BBQs. Just a short walk to Mohawk College, Walmart, coffee shops, restaurants, and everyday conveniences, with easy access to public transit and Mountain access, everything you need is within easy reach. Hot water tank rented; pool is as-is- professionally opened and closed; new flooring throughout; new windows ; basement completely renovated recently; roof repaired/improved 2025, ac 2024, POOL PUMP 2024.

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$
%
%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,229/mo
Mortgage $3,425
Monthly Loss $3,328
Principal$901
Interest$2,523
Property Tax$430
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.3%25
10-Year IRR
9.2%
Returns Index
13.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$37,500/yr
NOI
$24,096/yr
Net Cash Flow
-$1,417/mo
Cash Margin
-45.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.3/ 100

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

Comparables

Properties near 187 West 2nd Street

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.

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Data last updated within the past 24 hours.