242 Balmoral Avenue N, Hamilton

$750,000
242 Balmoral Avenue N

$750,000

New
2d
Detached2 1/2 Storey

242 Balmoral Avenue N, Hamilton

Total Monthly Obligation $3,725

HausQ Valuation Report
Beds
4
Baths
3
Park
1
Sqft
1100-1500
DOM
2d
Score
18
Yield
4.3%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Detached
MLS® Number-X14102070
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-25.05 × 75.15 ft
Listed on site-Oct 21, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$3,893.07 (2026)
Parking-2 - None
Basement-Separate Entrance, Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 MILLENNIUM INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-TBD
Neighbourhood-Crown Point
Title-Residential Freehold

No agent assigned

Huge Bright 4 bedroom, 3 bathroom house with 2 parking. New oasis in Crown Point Hamilton's finest. Turn key ready. Breathe easy with a New Furnace, New A/C. Keep your Peace of mind with Renovated & upgraded Wiring and new plumbing. New Electrical Panel to today's standard. Beautiful Chef Kitchen Reno includes New Quartz counters, Stainless Steel double sink, Stainless Steel appliances; fridge, stove, dishwasher, built in microwave. New Plumbing includes 2 New Bathrooms the 3rd bathroom updated. Safety first with New secure solid Doors and giant Windows brighten every room. Relax in the cozy loft or with serenity in the large tranquil back yard ready made to entertain guests. Walk out through the kitchen into indoor outdoor living. The Wooden deck is ready for your patio set and hot tub. The Shed is for extra storage. Great Neighbourhood, close to the Mall, Restaurants & Parks Eg:Centre Mall, Gage Park.

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

Closing Costs

Mortgage Amount
$600,000
Land Transfer Taxes$11,475
Legal Fees (Est.)
$
Total cash required for closing$162,975

Total Monthly Obligation

$3,725/mo
Mortgage $3,025
Monthly Loss $2,929
Principal$796
Interest$2,229
Property Tax$324
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.4/ 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
$31,980/yr
NOI
$20,389/yr
Net Cash Flow
-$1,326/mo
Cash Margin
-49.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.0/ 100

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

Comparables

Properties near 242 Balmoral Avenue N

Time

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Data last updated within the past 24 hours.