255 Ottawa Street S, Hamilton

$650,000
255 Ottawa Street S

$650,000

New
7d
Detached2-Storey

255 Ottawa Street S, Hamilton

Total Monthly Obligation $3,317

HausQ Valuation Report
Beds
4
Baths
1
Park
2
Sqft
1100-1500
DOM
7d
Score
18
Yield
4.6%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X14090860
Beds-4
Bathrooms-1
Size-1100-1500 sqft
Lot Size-20 × 100 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,835.22 (2026)
Parking-2 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Family Room
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBD
Neighbourhood-Delta
Title-Residential Freehold

No agent assigned

Set in a quiet family neighbourhood on Ottawa Street South, this charming 2 storey home blends character and everyday comfort, with hardwood floors, a gas fireplace and a completely renovated custom kitchen finished with laminated butcher block countertops in 2022. A large kitchen window frames the private backyard garden, with the kitchen walkout leading to the deck and backyard, making indoor-outdoor living easy. Thoughtful updates include new roof shingles, a refreshed front porch all completed in 2024, soffit and fascia improvements completed in 2016, and a bathroom renovated in 2026, giving a clean, updated feel. With a private driveway and four bedrooms, it offers both privacy and space for a young professional or young family. All within walking distance of Ottawa Street South's vibrant cafés and shops, Gage Park, the Niagara Escarpment trails, and future LRT access, giving a rare blend of convenience and calm.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$520,000
Land Transfer Taxes$9,475
Legal Fees (Est.)
$
Total cash required for closing$140,975

Total Monthly Obligation

$3,317/mo
Mortgage $2,622
Monthly Loss $2,627
Principal$690
Interest$1,932
Property Tax$320
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.0%1
5-Year IRR
8.5%26
10-Year IRR
9.4%
Returns Index
14.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$30,192/yr
NOI
$18,838/yr
Net Cash Flow
-$1,052/mo
Cash Margin
-41.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.4/ 100

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

Comparables

Properties near 255 Ottawa Street S

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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Data last updated within the past 24 hours.