3 Cedar Avenue, Hamilton

$1,645,000
3 Cedar Avenue

$1,645,000

New
2d
DetachedBungalow-Raised

3 Cedar Avenue, Hamilton

Total Monthly Obligation $7,795

Beds
5
Baths
4
Park
10
Sqft
1500-2000
DOM
2d
Score
16
Yield
4.0%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-X14105114
Beds-5
Bathrooms-4
Size-1500-2000 sqft
Lot Size-100 × 650.83 ft
Listed on site-Oct 21, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$9,416.05 (2026)
Parking-12 - Attached
Basement-Finished with Walk-Out, Walk-Out
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground, Outdoor
Facing-North
Exterior-Brick
Roof-Tile
Foundation-Concrete
Sewer-Septic
Possession-VACANT
Neighbourhood-Greensville
Title-Residential Freehold

No agent assigned

Set on approximately two acres on a quiet Greensville cul-de-sac, this custom-built home backs onto a forested area with frequent deer sightings. Over 3,000 sq. ft. of combined main-floor and finished walk-out basement living space includes two kitchens, two laundry areas and two fireplaces. Extensive renovations include new flooring, fresh paint, an upgraded kitchen and new pot lights. Recent installations include air conditioning, a water softener and a water heater (rental). A roof of clay tiles imported from Portugal and interlocking brickwork add distinctive character.Enjoy a fenced in-ground swimming pool, gazebo and fish pond, with ample room for gardening and outdoor entertaining. Apple, pear and cherry trees, along with grapevines, complement the grounds. An approximately 400 sq. ft. detached workshop features electricity and a stove with chimney. A separate approximately 120 sq. ft. shed provides lawn-care storage, bringing the total workshop and shed space to approximately 520 sq. ft., in addition to the home's living space. A riding lawn tractor is included.Steps from Johnson Tew Park & Arboretum and within walking distance of Greensville Elementary School and the Greensville library branch, with Webster Falls and Tew Falls nearby.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,316,000
Land Transfer Taxes$29,375
Legal Fees (Est.)
$
Total cash required for closing$359,875

Total Monthly Obligation

$7,795/mo
Mortgage $6,635
Monthly Loss $6,049
Principal$1,746
Interest$4,889
Property Tax$785
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.7%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$66,000/yr
NOI
$45,484/yr
Net Cash Flow
-$2,845/mo
Cash Margin
-51.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo20
Risk Index
14.7/ 100

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

Comparables

Properties near 3 Cedar Avenue

Time

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