1873 Main Street E, Hamilton

$499,900
1873 Main Street E

$499,900

New
16d
Detached2-Storey

1873 Main Street E, Hamilton

Total Monthly Obligation $2,682

Beds
5
Baths
2
Park
1
Sqft
1500-2000
DOM
16d
Score
28
Yield
7.0%
Cash on Cash
5.8%
Cap Rate
5.8%
5Y IRR
20.2%
10Y IRR
18.5%
Property Type-Detached
MLS® Number-X13871900
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-31 × 100 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$3,490 (2026)
Parking-1 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Veneer, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-None
Possession-60-90 Days
Neighbourhood-McQuesten
Title-Residential Freehold

No agent assigned

Welcome to 1873 Main St E, a well-appointed and lovingly maintained 2 storey home that is much larger than it appears! Offering approximately 1782 sq.ft. of above-grade living space, this spacious home features excellent second-level-in-law potential. The main level offers 2 generously sized bedrooms and an updated 3-piece bathroom, while the second level features 3 additional bedrooms, a kitchen, and a 4-piece bathroom. Plenty of space for a growing family or extended family setup. A single-car driveway is located at the side/rear of the property, providing convenient parking and easy access to & from the rear yard.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,682/mo
Mortgage $2,016
Monthly Loss $2,152
Principal$531
Interest$1,486
Property Tax$291
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%35
Cash-on-Cash
-0.5%7
5-Year IRR
15.3%73
10-Year IRR
14.9%
Returns Index
38.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$35,196/yr
NOI
$23,686/yr
Net Cash Flow
-$43/mo
Cash Margin
-1.5%4
Cash Flow Index
3.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9825
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo61
Risk Index
34.7/ 100

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

Comparables

Properties near 1873 Main Street E

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.