342 East 16th Street, Hamilton

$539,900
342 East 16th Street

$539,900

New
4d
DetachedBungalow

342 East 16th Street, Hamilton

Total Monthly Obligation $2,908

HausQ Valuation Report
Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
4d
Score
20
Yield
5.5%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X14092924
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-40 × 100 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,268 (2026)
Parking-2 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Inground
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Hill Park
Title-Residential Freehold

No agent assigned

Welcome to Hill Park, a quiet, family-friendly neighbourhood centrally located on the Hamilton Mountain, offering easy access to major highways, Lime Ridge Mall, shopping, and all the amenities the Mountain has to offer! This charming detached bungalow is the perfect opportunity for first-time buyers, downsizers, or anyone looking to add their own personal touch. Set on a generous lot, this bright home offers a comfortable, inviting main floor with an opened-up layout that creates a spacious living and dining area, perfect for entertaining, alongside a white eat-in kitchen. The finished basement provides additional living space, featuring a recreation room and games area complete with a bar and pool table. Outside, discover a rare and private backyard retreat featuring an in-ground pool and two patio seating areas - perfect for summer gatherings, relaxing poolside, and enjoying your own backyard oasis. A long front driveway provides ample parking for family and guests. An incredible opportunity in a sought-after location, offering privacy, space, and endless potential to make it your own!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$431,920
Land Transfer Taxes$7,273
Legal Fees (Est.)
$
Total cash required for closing$116,753

Total Monthly Obligation

$2,908/mo
Mortgage $2,178
Monthly Loss $2,335
Principal$573
Interest$1,605
Property Tax$356
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
20/ 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
$29,856/yr
NOI
$18,102/yr
Net Cash Flow
-$669/mo
Cash Margin
-26.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
28.0/ 100

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

Comparables

Properties near 342 East 16th Street

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.