137 Terrace Drive, Hamilton

$674,900
137 Terrace Drive

$674,900

New
14d
DetachedBungalow

137 Terrace Drive, Hamilton

Total Monthly Obligation $3,519

Beds
4
Baths
3
Park
3
Sqft
1100-1500
DOM
14d
Score
19
Yield
4.9%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13882938
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-50 × 103 ft
Listed on site-Oct 9, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,061 (2026)
Parking-3 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-ONE PERCENT REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Balfour
Title-Residential Freehold

No agent assigned

Welcome to this well-kept bungalow in an established Hamilton Mountain neighbourhood. A thoughtful addition expands the main floor to over 1,200 sq ft, giving you more room to live, entertain, and grow, plus a fully finished basement for even more space. Inside, you'll find an updated kitchen and updated flooring. The finished lower level features a separate walk-out, making an in-law or multi-generational setup a real possibility. Outside, the generous 50 x 103 ft lot offers plenty of room for gardening, play, or relaxing on the deck out back. A concrete driveway adds curb appeal and durability. The location is hard to beat: close to schools, shopping, and hospitals, with quick access to the Lincoln Alexander Parkway (the LINC) for easy commuting across the city and beyond. Whether you're a first-time buyer, a growing family, or looking for room for extended family, this Mountain bungalow checks the boxes.

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

Closing Costs

Mortgage Amount
$539,920
Land Transfer Taxes$9,973
Legal Fees (Est.)
$
Total cash required for closing$146,453

Total Monthly Obligation

$3,519/mo
Mortgage $2,722
Monthly Loss $2,803
Principal$716
Interest$2,006
Property Tax$422
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$33,252/yr
NOI
$20,366/yr
Net Cash Flow
-$1,025/mo
Cash Margin
-37.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
23.5/ 100

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

Comparables

Properties near 137 Terrace Drive

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.