184 Locheed Drive, Hamilton

$815,000
184 Locheed Drive

$815,000

New
2d
Detached2-Storey

184 Locheed Drive, Hamilton

Total Monthly Obligation $4,228

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
2d
Score
18
Yield
4.7%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Detached
MLS® Number-X14102962
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-31.33 × 100.28 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$6,789.54 (2026)
Parking-6 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-Epique Realty
Cooling-Central Air
Laundry-No
Fireplace-Electric, Living Room, Natural Gas
Pool-Above Ground
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60 Days
Neighbourhood-Lisgar
Title-Residential Freehold

No agent assigned

Imagine summer evenings in your own custom gazebo, with the gas fireplace glowing, the game on TV, and the pool just steps away. This 3+1 bedroom, 3-bathroom detached home in sought-after Lisgar offers over 2,500 sq. ft. of finished living space. Buttermilk Falls, the Escarpment Rail Trail, and Mohawk Sports Park are all within walking distance, and schools, transit, and quick access to The Linc are close by. Rich hardwood floors run through the main and upper levels, connected by a maple staircase. The centre-island kitchen features granite counters, a pantry, generous cabinetry, and a walkout to the yard. It opens to an oversized dining room and a bright living room warmed by a built-in gas fireplace. Upstairs, the primary suite features its own electric fireplace and a 4-piece ensuite with a deep soaker tub. The finished lower level adds a spacious family room, a fourth bedroom, and ample storage. The newer furnace and A/C (2021), plus the washer and dryer (2021), add peace of mind. Out back, interlocking pavers surround the above-ground pool and gazebo (TV included), creating a private space with plenty of room to entertain. With an attached double garage and parking for six, this home checks every box. Book your showing today!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$652,000
Land Transfer Taxes$12,775
Legal Fees (Est.)
$
Total cash required for closing$177,275

Total Monthly Obligation

$4,228/mo
Mortgage $3,287
Monthly Loss $3,363
Principal$865
Interest$2,422
Property Tax$566
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.4%25
10-Year IRR
9.4%
Returns Index
13.9/ 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
$38,484/yr
NOI
$23,346/yr
Net Cash Flow
-$1,342/mo
Cash Margin
-41.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.3/ 100

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

Comparables

Properties near 184 Locheed Drive

Time

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