38 Elora Drive 15, Hamilton

$499,900
38 Elora Drive 15

$499,900

New
4d
Condo Townhouse2-Storey

38 Elora Drive 15, Hamilton

Total Monthly Obligation $2,990

HausQ Valuation Report
Beds
4
Baths
4
Park
2
Sqft
1600-1799
DOM
4d
Score
25
Yield
7.4%
Cash on Cash
3.1%
Cap Rate
5.2%
5Y IRR
18.0%
10Y IRR
16.6%
Property Type-Condo Townhouse
MLS® Number-X14094060
Beds-4
Bathrooms-4
Size-1600-1799 sqft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$3,612.75 (2026)
Maintenance-$472.36/mo
Locker-None
Parking-3 - Built-In
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Possession-Flexible
Neighbourhood-Fessenden
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 15 at 38 Elora Drive, 4 bedroom, 4 bathrooms condo townhouse ideally situated on Hamilton's West Mountain. Nestled within a quiet, welcoming community, this distinctive townhouse offers an inviting blend of space, comfort, and convenience, making it an excellent choice for families, professionals, and those looking to downsize. Boasting 1,709 sq. ft. of above-ground living space, this home features a unique ground-level garage and a bonus bedroom, offering added flexibility for guests, a home office, or changing family needs.Enjoy the perfect balance of peaceful community living and everyday convenience. With major highways just minutes away, and walking distance to nearby grocery stores, shopping, restaurants, places of worship and more!Whether you're starting a new chapter with your family or looking to embrace a more relaxed lifestyle, this home offers the space, functionality, and convenience to suit your needs. Experience a distinctive townhouse layout in a desirable West Hamilton Mountain location, where comfort meets convenience. Come discover a wonderful place to call home!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,990/mo
Mortgage $2,016
Monthly Loss $2,459
Principal$531
Interest$1,486
Property Tax$301
Condo Fees$472
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.2%5
5-Year IRR
14.1%65
10-Year IRR
14.0%
Returns Index
34.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$37,248/yr
NOI
$21,842/yr
Net Cash Flow
-$196/mo
Cash Margin
-6.3%1
Cash Flow Index
1.4/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
30.6/ 100

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

Comparables

Properties near 38 Elora Drive 15

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

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Data last updated within the past 24 hours.