127 Barnesdale Avenue N, Hamilton

$434,000
127 Barnesdale Avenue N

$434,000

New
9d
Detached1 1/2 Storey

127 Barnesdale Avenue N, Hamilton

Total Monthly Obligation $2,349

Beds
2
Baths
2
Park
1
Sqft
700-1100
DOM
9d
Score
21
Yield
5.6%
Cash on Cash
-0.7%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.2%
Property Type-Detached
MLS® Number-X14032652
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-23 × 129 ft
Listed on site-Oct 14, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$2,679 (2026)
Parking-3 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Other, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Stipley
Title-Residential Freehold

No agent assigned

Welcome to 127 Barnesdale Avenue N, featuring an exceptional 1,100 sqft detached workshop - a rare opportunity for tradespeople, hobbyists, entrepreneurs, car enthusiasts, or buyers seeking expansive workspace. With rear laneway access, electrical service, roughed-in plumbing for a future bathroom, and a newly insulated potential office area, this versatile space presents a wide range of possibilities. Property zoning permits one and two-family dwellings, offering potential for a future accessory dwelling or additional living space.Complementing this incredible feature is a thoughtfully updated, move-in-ready detached bungaloft situated on a 23 x 129 ft lot. The home features 2 bedrooms, 1.5 bathrooms, main-floor laundry, and a functional layout that maximizes both living and storage space. The bright main level has been extensively updated with new flooring throughout, updated kitchen cabinetry, refreshed bathroom finishes, and fresh paint. Upstairs, the loft-style second bedroom and flex-space provide additional storage, creating flexibility for a variety of living arrangements.Numerous exterior improvements have been completed, including new siding with an additional R-4.5+ insulation value, new soffits, fascia, gutters and downspouts, and all new windows in both the house and garage. Cement parging has been applied to the basement walls.Conveniently located within walking distance of public and Catholic elementary schools, just steps from Lucy Day Park, and a short walk to Tim Hortons Field, this property offers an excellent opportunity for first-time buyers, investors, or anyone searching for a detached home paired with an extraordinary workshop.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$347,200
Land Transfer Taxes$5,155
Legal Fees (Est.)
$
Total cash required for closing$93,455

Total Monthly Obligation

$2,349/mo
Mortgage $1,751
Monthly Loss $1,888
Principal$461
Interest$1,290
Property Tax$223
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.9%1
5-Year IRR
10.2%37
10-Year IRR
10.8%
Returns Index
19.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$24,132/yr
NOI
$14,540/yr
Net Cash Flow
-$539/mo
Cash Margin
-26.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
32.8/ 100

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

Comparables

Properties near 127 Barnesdale Avenue N

Time

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