43 Adair Avenue N, Hamilton

$539,900
43 Adair Avenue N

$539,900

New
17d
DetachedBungalow-Raised

43 Adair Avenue N, Hamilton

Total Monthly Obligation $2,858

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
17d
Score
23
Yield
6.0%
Cash on Cash
1.5%
Cap Rate
4.9%
5Y IRR
16.8%
10Y IRR
15.6%
Property Type-Detached
MLS® Number-X13871954
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-30 × 105 ft
Listed on site-Oct 6, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-51-99
Taxes-$3,662 (2026)
Parking-4 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX PRESIDENT REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-McQuesten
Title-Residential Freehold

No agent assigned

Fantastic opportunity in the quiet McQuesten neighbourhood of East Hamilton, conveniently located less than two minutes from the Red Hill Valley Parkway. This beautifully updated raised bungalow features modern finishes throughout, a bright and spacious living room, a stylish eat-in kitchen, and two well-sized bedrooms on the main level. The finished lower level offers a separate entrance, a second spacious eat-in kitchen, and flexible living space ideal for extended family, guests, a nanny suite, or investors. The property also provides ample parking and an oversized modern workshop or shed. Perfect for first-time buyers, downsizers, multi-generational families, or investors looking for a move-in-ready home with excellent versatility and convenient highway access.

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

Closing Costs

Mortgage Amount
$431,920
Land Transfer Taxes$7,273
Legal Fees (Est.)
$
Total cash required for closing$116,753

Total Monthly Obligation

$2,858/mo
Mortgage $2,178
Monthly Loss $2,285
Principal$573
Interest$1,605
Property Tax$305
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.2%3
5-Year IRR
12.3%53
10-Year IRR
12.5%
Returns Index
27.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$32,652/yr
NOI
$21,225/yr
Net Cash Flow
-$409/mo
Cash Margin
-15.0%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8115
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
29.9/ 100

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

Comparables

Properties near 43 Adair Avenue N

Time

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Data last updated within the past 24 hours.