23 Laurendale Avenue, Hamilton

$1,299,999
23 Laurendale Avenue

$1,299,999

New
16d
DetachedBungalow-Raised

23 Laurendale Avenue, Hamilton

Total Monthly Obligation $6,161

Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
16d
Score
14
Yield
2.8%
Cash on Cash
-11.4%
Cap Rate
2.1%
5Y IRR
6.6%
10Y IRR
7.7%
Property Type-Detached
MLS® Number-X13874008
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-83.6 × 245.76 ft
Listed on site-Oct 7, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$6,502 (2026)
Parking-4 - Attached
Basement-Walk-Out, Finished
Heating-Forced Air (Gas)
Brokerage-Right At Home Realty, Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Other
Neighbourhood-Waterdown
Title-Residential Freehold

No agent assigned

Welcome to 23 Laurendale Ave, a truly special Waterdown property offering a rare combination of privacy, space and convenience. With approx. 2,000 sf of beautifully finished living space, 3 bedrooms and 2 full baths, this lovingly cared-for home is completely move-in ready. Situated on a nearly half-acre ravine lot, enjoy a peaceful park-like setting with unobstructed views of mature trees and nature that feels more like country or cottage living all while being within walking distance of parks, shopping, schools and everyday amenities. Step outside and discover what truly sets this property apart. The expansive, private backyard is made for relaxing and entertaining, featuring a stunning gazebo with natural gas fire table, two decks, natural stone steps, beautifully maintained landscaping, an irrigation system and a large heated shed that adds even more versatility. Whether enjoying a quiet evening under the gazebo or hosting family and friends, this outdoor space is truly something special. Inside, you'll find new finishes throughout, engineered hardwood across the main floor and new appliances (2021). The finished lower level is an entertainer's dream, featuring a spacious TV room with integrated in-wall speakers, dry bar, wood-burning fireplace and gas stove, creating multiple warm and inviting spaces to gather and unwind. A finished double-car garage plus driveway parking for 3-4 vehicles provide plenty of space. Additional updates include roof (2018), A/C (2019), new front and side doors and many newer windows. A rare opportunity to enjoy exceptional privacy, natural beauty and nearly half an acre in the heart of Waterdown. Your own urban retreat, offering the feeling of escaping to the country without leaving the convenience of the city awaits.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,039,999
Land Transfer Taxes$22,475
Legal Fees (Est.)
$
Total cash required for closing$283,975

Total Monthly Obligation

$6,161/mo
Mortgage $5,244
Monthly Loss $4,781
Principal$1,380
Interest$3,864
Property Tax$542
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.6%0
5-Year IRR
4.1%9
10-Year IRR
6.0%
Returns Index
5.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$36,708/yr
NOI
$22,035/yr
Net Cash Flow
-$3,408/mo
Cash Margin
-111.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
15.1/ 100

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

Comparables

Properties near 23 Laurendale Avenue

Time

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