215 PALING Avenue, Hamilton

$549,900
215 PALING Avenue

$549,900

Price Change
16d
Detached1 1/2 Storey

215 PALING Avenue, Hamilton

Total Monthly Obligation $2,876

Beds
3
Baths
3
Park
3
Sqft
700-1100
DOM
16d
Score
23
Yield
6.0%
Cash on Cash
1.8%
Cap Rate
5.0%
5Y IRR
17.0%
10Y IRR
15.8%
Property Type-Detached
MLS® Number-X13873868
Beds-3
Bathrooms-3
Size-700-1100 sqft
Lot Size-30.63 × 117.41 ft
Listed on site-Oct 7, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$3,396 (2026)
Parking-3 - None
Basement-Full, Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS COMPLETE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Homeside
Title-Residential Freehold

No agent assigned

Welcome to 215 Paling Street, where thoughtful design meets everyday living. Beautifully reimagined with comfort, style and functionality in mind, this move-in-ready home offers nearly 1,500 sq. ft. of finished living space with 2+1 bedrooms, 1 full bathroom and 2 powder rooms. The classic brick exterior, 3-car driveway and inviting front porch set the tone. Inside, a spacious foyer features a coat closet and beautifully restored staircase that preserves the home's timeless character. The bright living room offers generous space for relaxing and entertaining, with large windows filling the home with natural light. At the heart of the main floor is a fully custom two-tone kitchen, finished in a striking green and white palette with quartz countertops and backsplash, ample cabinetry and an open-concept design. A dedicated dining room and convenient powder room complete the level. Upstairs, you'll find two generously sized bedrooms and a beautifully finished full bathroom. The finished lower level extends the living space with a separate side entrance, additional bedroom, powder room and flexible space for an office, recreation area or guests. Substantial improvements add confidence for years to come, including waterproofing around the perimeter of the home, sump pump, backwater valve, upgraded windows, electrical service, furnace and roof shingles. Outside, enjoy two large storage sheds and plenty of space to make your own. Set in Hamilton's established Homeside neighbourhood, close to parks, schools, shopping, transit, Ottawa Street and highway access, 215 Paling combines character, thoughtful renovations and everyday convenience into a home designed for its next chapter.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$2,876/mo
Mortgage $2,218
Monthly Loss $2,292
Principal$584
Interest$1,634
Property Tax$283
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.9%3
5-Year IRR
12.6%54
10-Year IRR
12.6%
Returns Index
28.4/ 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
$33,240/yr
NOI
$22,020/yr
Net Cash Flow
-$383/mo
Cash Margin
-13.8%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
30.0/ 100

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

Comparables

Properties near 215 PALING Avenue

Time

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