247 Homewood Avenue, Hamilton

$729,900
247 Homewood Avenue

$729,900

New
8d
Detached1 1/2 Storey

247 Homewood Avenue, Hamilton

Total Monthly Obligation $3,815

Beds
2
Baths
2
Park
2
Sqft
700-1100
DOM
8d
Score
15
Yield
3.4%
Cash on Cash
-10.9%
Cap Rate
2.2%
5Y IRR
7.1%
10Y IRR
8.0%
Property Type-Detached
MLS® Number-X14082978
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-30 × 111 ft
Listed on site-Oct 15, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$5,948.64 (2026)
Parking-2 - None
Basement-Separate Entrance, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-South
Exterior-Vinyl Siding, Stucco (Plaster)
Roof-Flat, Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-immediate
Neighbourhood-Kirkendall
Title-Residential Freehold

No agent assigned

Welcome to 247 Homewood Avenue, a charming and beautifully maintained 1.5-storey home in the heart of desirable Southwest Hamilton! Situated just steps from the vibrant shops, cafés and restaurants of Locke Street South, this inviting property offers the perfect combination of character, comfort and convenience. The bright and spacious main floor features an open living and dining area with beautiful hardwood flooring and an electric fireplace, creating a warm and welcoming space for everyday living and entertaining. The updated kitchen offers ample cabinetry, a new window overlooking the backyard and fresh paint (2026). A convenient rear mudroom provides access to the refreshed deck (2026) and private, fully fenced backyard, complete with gardens and a storage shed. Upstairs, you'll find two comfortable bedrooms, both featuring hardwood flooring, along with an updated 4-piece bathroom. The beautifully finished basement (2026) adds exceptional living space, featuring a spacious recreation room, stylish 3-piece bathroom, generous storage closet and dedicated laundry/utility area. The separate side entrance provides excellent potential for an in-law suite or extended family living. Additional highlights include updated windows, an asphalt driveway with parking for two vehicles, updated front porch railings (2026), new rear deck boards, railings and stairs (2026), completed fencing (2026) and new roof (2025). Enjoy an unbeatable location close to Earl Kitchener Elementary, Dundurn Street, Chedoke Golf Course, the Chedoke Stairs, Bruce Trail, scenic rail trails, parks, schools and the Niagara Escarpment. With easy access to downtown Hamilton, McMaster University and Highway 403, this wonderful home offers the best of urban convenience and outdoor recreation. A fantastic opportunity to enjoy one of Hamilton's most sought-after neighbourhoods!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$583,920
Land Transfer Taxes$11,073
Legal Fees (Est.)
$
Total cash required for closing$158,553

Total Monthly Obligation

$3,815/mo
Mortgage $2,944
Monthly Loss $3,040
Principal$775
Interest$2,169
Property Tax$496
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.1%0
5-Year IRR
3.9%8
10-Year IRR
5.9%
Returns Index
5.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$24,576/yr
NOI
$11,670/yr
Net Cash Flow
-$1,972/mo
Cash Margin
-96.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.332
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
20.6/ 100

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

Comparables

Properties near 247 Homewood Avenue

Time

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Data last updated within the past 24 hours.