40 Fairgrounds Drive, Hamilton

$995,000
40 Fairgrounds Drive

$995,000

New
14d
Detached2-Storey

40 Fairgrounds Drive, Hamilton

Total Monthly Obligation $4,912

Beds
4
Baths
4
Park
2
Sqft
2000-2500
DOM
14d
Score
16
Yield
3.8%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Detached
MLS® Number-X14027722
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-33.27 × 105.97 ft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$6,281.28 (2025)
Parking-4 - Built-In
Basement-Apartment, Full, Finished
Heating-Forced Air (Gas)
Brokerage-NEW ERA REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Rolled
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Binbrook
Title-Residential Freehold

No agent assigned

Welcome to this spacious 2 storey detached home located in the heart of desirable Binbrook, offering over 3000 sq ft of finished living space designed for comfortable family living and entertaining. This well maintained home features 4 bedrooms, 4 total bathrooms and a functional layout with plenty of room for the whole family. The bright and inviting main floor offers a private office, perfect for working from home, a separate dining room for hosting family gatherings and a spacious living room highlighted by a cozy gas fireplace. The large eat-in kitchen features stainless steel appliances, tiled backsplash, ample cupboard and counter space, and a walk-out to the backyard patio, making indoor and outdoor entertaining effortless. Upstairs, the generous primary bedroom retreat includes a walk-in closet and a private 4pc ensuite bath. Additional spacious bedrooms and a 4pc main bathroom provide excellent space for growing families. The fully finished basement adds incredible versatility with a bachelor-style in-law suite complete with a full eat-in kitchen, 4pc bathroom, large rec room and den that can easily function as a bedroom, ideal for extended family, guests or potential income opportunities. Enjoy the fully fenced backyard with patio area, perfect for relaxing or summer BBQs. Situated in a family friendly neighbourhood close to schools, parks, the Binbrook Fairgrounds, shopping, library and other amenities. A fantastic opportunity to own a spacious family home in one of Hamilton's most popular communities!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$796,000
Land Transfer Taxes$16,375
Legal Fees (Est.)
$
Total cash required for closing$216,875

Total Monthly Obligation

$4,912/mo
Mortgage $4,014
Monthly Loss $3,856
Principal$1,056
Interest$2,957
Property Tax$523
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.5%0
5-Year IRR
6.5%16
10-Year IRR
7.9%
Returns Index
9.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$38,100/yr
NOI
$23,509/yr
Net Cash Flow
-$2,054/mo
Cash Margin
-64.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
17.8/ 100

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

Comparables

Properties near 40 Fairgrounds 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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