38 Mars Avenue, Hamilton

$299,900
38 Mars Avenue

$299,900

New
17d
Detached2-Storey

38 Mars Avenue, Hamilton

Total Monthly Obligation $1,776

HausQ Valuation Report
Beds
2
Baths
1
Park
0
Sqft
700-1100
DOM
17d
Score
30
Yield
7.9%
Cash on Cash
8.3%
Cap Rate
6.4%
5Y IRR
22.2%
10Y IRR
20.1%
Property Type-Detached
MLS® Number-X13866920
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-19.17 × 58.66 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,298 (2026)
Parking-None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-BOLDT REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Industrial Sector
Title-Residential Freehold

No agent assigned

Welcome to an affordable opportunity in Hamilton! This 2-bedroom, 1-bathroom home offers an excellent entry point for first-time buyers, investors, and renovators looking to build equity in a desirable location.The home is livable and functional as-is, while offering plenty of potential for those looking to add their own personal touches and improvements over time. With a practical layout and an accessible price point, this property is a great option for buyers looking to get into the market or investors searching for their next project.Conveniently located in Hamilton, you're close to public transit, employment opportunities, shopping, schools, amenities, and major transportation routes, making everyday commuting and access to the city simple and convenient.Whether you're a first-time homebuyer looking for an affordable place to call home or an investor/flipper searching for a property with upside, this one is worth a look. Affordable, well-located, and full of potential-come see what you can do with it! Windows and Doors (2025). Front porch (2025) Furnace and Water Filtration system (2016)

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

Closing Costs

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$1,776/mo
Mortgage $1,210
Monthly Loss $1,458
Principal$318
Interest$891
Property Tax$192
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.8%36
Cash-on-Cash
-0.1%7
5-Year IRR
15.7%75
10-Year IRR
15.3%
Returns Index
40.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 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
$23,592/yr
NOI
$14,435/yr
Net Cash Flow
-$7/mo
Cash Margin
-0.3%4
Cash Flow Index
4.4/ 100
Risk Profile
Weight: 20%
DSCR
0.9926
LTV Ratio
80.0%18
Vacancy Buffer
5.3 mo87
Risk Index
43.8/ 100

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

Comparables

Properties near 38 Mars Avenue

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.