81 Main Street S, Hamilton

$849,000
81 Main Street S

$849,000

New
3d
DetachedBacksplit 3

81 Main Street S, Hamilton

Total Monthly Obligation $4,329

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
3d
Score
25
Yield
6.5%
Cash on Cash
3.7%
Cap Rate
5.4%
5Y IRR
18.5%
10Y IRR
17.0%
Property Type-Detached
MLS® Number-X14097128
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-35.42 × 148.14 ft
Listed on site-Oct 20, 2026
Style-Backsplit 3
Building Type-Detached
Age-31-50
Taxes-$6,348 (2026)
Parking-2 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEX/TBA
Neighbourhood-Waterdown
Title-Residential Freehold

No agent assigned

Lovely detached back split just minutes from the Bruce Trail and Smokey Hollow Waterfalls in the Waterdown Core. The main floor features a blend of ceramic and Maple hardwood flooring with a spacious living and dining area and access to the garage. Bright updated open concept kitchen with pot lights, quartz counters, tile backsplash, porcelain tiles and lots of storage. You will find 3 good sized bedrooms and a 4 piece bathroom upstairs. The lower level offers a cozy family room with gas fireplace, home office, 3 piece bathroom and a 3 season sunroom ideal for enjoying your morning coffee, with walkout to a generously sized backyard. Laminate flooring in the basement, additional access to the garage, laundry and plenty of storage. Ideally located near parks, trails, downtown shopping, restaurants, transit and highway access, this home is a great way to experience all that Waterdown has to offer in this family friendly neighbourhood. Newer metal roof and windows, 2 driveway parking spaces, garage is currently used for storage only.

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

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,329/mo
Mortgage $3,425
Monthly Loss $3,427
Principal$901
Interest$2,523
Property Tax$529
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.6%33
Cash-on-Cash
-1.2%6
5-Year IRR
14.7%69
10-Year IRR
14.3%
Returns Index
36.5/ 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
$55,200/yr
NOI
$38,832/yr
Net Cash Flow
-$189/mo
Cash Margin
-4.1%2
Cash Flow Index
2.1/ 100
Risk Profile
Weight: 20%
DSCR
0.9423
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
25.1/ 100

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

Comparables

Properties near 81 Main Street S

Time

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