659 Upper Wellington Street E, Hamilton

$669,000
659 Upper Wellington Street E

$669,000

Price Change
113d
DetachedBungalow

659 Upper Wellington Street E, Hamilton

Total Monthly Obligation $3,488

Beds
5
Baths
2
Park
3
Sqft
700-1100
DOM
113d
Score
19
Yield
5.1%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X13515254
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-30 × 104.15 ft
Listed on site-Jul 2, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$4,967.57 (2026)
Parking-None
Basement-Apartment, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible possession available
Neighbourhood-Centremount
Title-Residential Freehold

No agent assigned

Welcome to a rare opportunity to own a versatile, income-generating property in one of Hamilton Mountain's most convenient and rapidly growing communities. Whether you are a first-time home buyer looking to offset your mortgage, an investor seeking strong rental potential, or a family looking for space, flexibility, and location, this home delivers on every level. This is more than just a property-it's a smart investment in your future. Ideally situated in a highly accessible area, this home offers unmatched convenience for everyday living. Families will appreciate being close to a wide selection of reputable schools, while post-secondary access is exceptional with Mohawk College just a short drive away, making it ideal for student rental potential or long-term family planning. Commuters will love the quick access to major transportation routes, including just minutes to the Lincoln M. Alexander Parkway (LINC) and Red Hill Valley Parkway, allowing for seamless travel across the city and easy connections to Highway 403 and beyond. Essential services are all nearby, including Hamilton General Hospital, Juravinski Hospital, walk-in clinics, and medical centres, providing peace of mind for families and tenants alike. Convenience continues with excellent public transit access, making it easy to travel throughout Hamilton without the need for a vehicle. Daily essentials, shopping, restaurants, and services are all within close reach. For lifestyle and recreation, residents can enjoy a variety of nearby parks, green spaces, and walking trails, offering a perfect balance between urban convenience and outdoor living.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$535,200
Land Transfer Taxes$9,855
Legal Fees (Est.)
$
Total cash required for closing$145,155

Total Monthly Obligation

$3,488/mo
Mortgage $2,699
Monthly Loss $2,777
Principal$710
Interest$1,988
Property Tax$414
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.6%33
10-Year IRR
10.3%
Returns Index
17.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,200/yr
NOI
$21,312/yr
Net Cash Flow
-$923/mo
Cash Margin
-32.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
24.0/ 100

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

Comparables

Properties near 659 Upper Wellington Street E

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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The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.