59 Cole Street, Hamilton

$885,000
59 Cole Street

$885,000

New
10d
Semi-Detached 2-Storey

59 Cole Street, Hamilton

Total Monthly Obligation $4,388

Beds
4
Baths
4
Park
1
Sqft
1100-1500
DOM
10d
Score
17
Yield
4.4%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Semi-Detached
MLS® Number-X14033024
Beds-4
Bathrooms-4
Size-1100-1500 sqft
Lot Size-22.15 × 100.07 ft
Listed on site-Oct 13, 2026
Style-2-Storey
Building Type-Semi-Detached
Age-6-15
Taxes-$5,315.66 (2026)
Parking-2 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-FUTURE GROUP REALTY SERVICES LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Aluminum Siding
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-45-90 days
Neighbourhood-Waterdown
Title-Residential Freehold

No agent assigned

Sunny south-west exposure, ideally located in the desirable community of Waterdown. This home features bright spacious open-concept main floor with hardwood floors. Living Room and kitchen overlook the backyard. Walk out to large 16 x 9 ft deck with lattice fence for privacy. 9 foot ceilings, upgraded wrought spindles on staircase. Good sized kitchen with backsplash and stainless steel appliances. Attached garage with inside entry. A generous master bedroom with walk-in-closet and ensuite 3 piece bathroom with window. 2 additional bedrooms and a 4-piece bathroom. Brand new fully finished basement with pot lights, throughout, laminate floors, one spacious bedroom with large walk-in-closet, family room with upgraded egress window, and rough-in-kitchen for in-law potential. Separate laundry area. Located within walking distance to schools, YMCA, park, shopping. Quick access to 403, 407, QEW, Aldershot Go station. Safe family friendly neighbourhood. A must see

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$708,000
Land Transfer Taxes$14,175
Legal Fees (Est.)
$
Total cash required for closing$192,675

Total Monthly Obligation

$4,388/mo
Mortgage $3,570
Monthly Loss $3,448
Principal$939
Interest$2,630
Property Tax$443
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.2%24
10-Year IRR
9.2%
Returns Index
13.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$38,604/yr
NOI
$24,928/yr
Net Cash Flow
-$1,493/mo
Cash Margin
-46.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
19.7/ 100

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

Comparables

Properties near 59 Cole Street

Time

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