47 Mill Street N, Hamilton

$899,000
47 Mill Street N

$899,000

New
9d
Detached1 1/2 Storey

47 Mill Street N, Hamilton

Total Monthly Obligation $4,430

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
9d
Score
24
Yield
6.1%
Cash on Cash
2.6%
Cap Rate
5.1%
5Y IRR
17.6%
10Y IRR
16.3%
Property Type-Detached
MLS® Number-X14030792
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-34 × 179 ft
Listed on site-Oct 14, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$5,148 (2025)
Parking-4 - None
Basement-Partial Basement, Unfinished
Heating-Forced Air (Gas)
Brokerage-REVEL REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding, Wood
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Immediate
Neighbourhood-Waterdown
Title-Residential Freehold

No agent assigned

Welcome to 47 Mill St North in Waterdown. You can still see the history in the original wood floors. Beyond the floors, the house has been lovingly updated without losing the charm that comes with a home this age. This home sits on a 34' x 180' lot & a nice layout that offers 1684 sq ft. The main floor greets you with a large family room which has custom built ins, updated millwork, smooth ceilings and pot lights. Dining rooms is excellent for large gatherings and entertaining. The kitchen has been transformed into the highlight of the home and features ample storage, high end Jenn Air appliances, farmhouse-style shiplap décor backsplash & separate nook for your coffee/bar with butcher's block countertop. Upstairs, you'll find two bedrooms, an office and a large bathroom with laundry. Wake up to a beautiful sunrise coming through the large windows. You'll spend as much time outside the home as you do inside, with a 180-foot-deep lot. Enjoy front porch coffee while greeting your neighbours in the highly sought-after Waterdown core. Want some privacy? Escape to the backyard, past the new herringbone paver driveway, to your deck for a BBQ. Invite friends for drinks on the patio, or practice your short game on the putting green. You'll also find a large, 10' x 22' workshop at the back of the property. Powered by its own electrical panel, the shop is insulated and climate controlled by a heat pump. As lovely as the house is, you'll quickly consider the entire neighbourhood your home. You can't walk a block without a smile and a hello from a neighbour walking their dog or getting some exercise. You might have just found your next home!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$4,430/mo
Mortgage $3,626
Monthly Loss $3,476
Principal$954
Interest$2,672
Property Tax$429
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.1%5
5-Year IRR
13.9%64
10-Year IRR
13.7%
Returns Index
33.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$54,468/yr
NOI
$39,373/yr
Net Cash Flow
-$345/mo
Cash Margin
-7.6%1
Cash Flow Index
1.1/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo34
Risk Index
24.0/ 100

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

Comparables

Properties near 47 Mill Street N

Time

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