2 Rideau Crescent, Hamilton

$659,000
2 Rideau Crescent

$659,000

New
123d
DetachedBacksplit 3

2 Rideau Crescent, Hamilton

Total Monthly Obligation $3,407

HausQ Valuation Report
Beds
6
Baths
2
Park
6
Sqft
1100-1500
DOM
123d
Score
28
Yield
7.0%
Cash on Cash
5.8%
Cap Rate
5.8%
5Y IRR
20.3%
10Y IRR
18.5%
Property Type-Detached
MLS® Number-X13473750
Beds-6
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40 × 101.78 ft
Listed on site-Jun 22, 2026
Style-Backsplit 3
Building Type-Detached
Taxes-$4,490 (2025)
Parking-7 - Detached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE CERTIFIED REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Lisgar
Title-Residential Freehold

No agent assigned

Welcome to 2 Rideau Crescent, a charming three-level backsplit situated on a generous corner lot in Hamilton's desirable Lisgar community. This well-maintained home offers 3+3 bedrooms, two full Renovated bathrooms, a bright and inviting main living area, and a spacious kitchen ideal for everyday living. The lower level features a cozy family room, three additional bedrooms, and a separate entrance, providing excellent in-law or investment potential. Outside, enjoy the convenience of a detached single-car garage, parking for up to six vehicles, and a large private yard. Ideally located just steps from Lisgar Park, schools, shopping, and transit, this home offers both comfort and convenience. Whether you're a growing family or an investor. 2 Rideau Crescent presents an outstanding opportunity. Notable upgrades include a newer furnace, select updated windows, and a tankless water heater. Don't miss this gem on the Hamilton Mountain!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$527,200
Land Transfer Taxes$9,655
Legal Fees (Est.)
$
Total cash required for closing$142,955

Total Monthly Obligation

$3,407/mo
Mortgage $2,658
Monthly Loss $2,708
Principal$700
Interest$1,959
Property Tax$374
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.9%37
Cash-on-Cash
0.3%8
5-Year IRR
15.9%76
10-Year IRR
15.3%
Returns Index
41.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$45,852/yr
NOI
$32,277/yr
Net Cash Flow
$32/mo
Cash Margin
0.8%6
Cash Flow Index
5.5/ 100
Risk Profile
Weight: 20%
DSCR
1.0128
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
30.6/ 100

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

Comparables

Properties near 2 Rideau Crescent

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.