255 West 5th Street, Hamilton

$499,000
255 West 5th Street

$499,000

New
4d
DetachedBungalow

255 West 5th Street, Hamilton

Total Monthly Obligation $2,721

HausQ Valuation Report
Beds
5
Baths
3
Park
1
Sqft
700-1100
DOM
4d
Score
19
Yield
5.2%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X14095382
Beds-5
Bathrooms-3
Size-700-1100 sqft
Lot Size-55.1 × 100.95 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,000 (2025)
Parking-2 - Detached
Basement-Apartment, Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-HOMELIFE TOP STAR REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Southam
Title-Residential Freehold

No agent assigned

Beautifully renovated bungalow in a prime Mountain location directly "Across from Mohawk College"! This turnkey home features modern finishes throughout, no carpet, and a fully finished basement with a separate entrance, second kitchen, two bedrooms, and its own living space-ideal for extended family or potential rental income. Perfect for investors looking to capitalize on strong rental demand from students, healthcare professionals, and nearby hospital staff, or for families seeking a mortgage helper. Conveniently located close to shopping, transit, schools, parks, and major amenities. A rare opportunity offering both comfortable living and excellent income potential. A/C and Furnace 2 yrs new. Roof around 4 yrs new. Hot Water Tank owned. No rental equipment.

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

Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,721/mo
Mortgage $2,013
Monthly Loss $2,191
Principal$530
Interest$1,483
Property Tax$333
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.8%27
10-Year IRR
9.7%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$25,776/yr
NOI
$14,698/yr
Net Cash Flow
-$788/mo
Cash Margin
-36.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo61
Risk Index
28.6/ 100

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

Comparables

Properties near 255 West 5th Street

Time

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