377 Carson Drive, Hamilton

$874,900
377 Carson Drive

$874,900

Price Change
74d
DetachedBacksplit 4

377 Carson Drive, Hamilton

Total Monthly Obligation $4,427

Beds
5
Baths
3
Park
4
Sqft
2000-2500
DOM
74d
Score
20
Yield
5.3%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-X13658754
Beds-5
Bathrooms-3
Size-2000-2500 sqft
Lot Size-45.43 × 101.22 ft
Listed on site-Aug 10, 2026
Style-Backsplit 4
Building Type-Detached
Age-31-50
Taxes-$6,276 (2026)
Parking-5 - Attached
Basement-Finished, Finished with Walk-Out, Full, Separate Entrance
Heating-Forced Air (Electric)
Brokerage-RE/MAX ESCARPMENT GOLFI REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Natural Gas
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession--
Neighbourhood-Lisgar
Title-Residential Freehold

No agent assigned

Welcome to this beautifully maintained 4-level back-split in one of Hamilton's desirable East Mountain neighbourhoods, just steps from Upper Kenilworth! Offering 3+2 bedrooms and 3 full bathrooms, this spacious and versatile home is ideal for growing families, extended families, or those looking for flexible living space. The bright main level features bamboo flooring throughout the living and dining rooms, creating a warm and inviting atmosphere and a large renovated eat in kitchen. The spacious family room provides the perfect place to unwind, while the renovated finished lower-level recreation room, complete with a wet bar, is ideal for entertaining family and friends or creating a comfortable secondary living space. A separate entrance provides excellent potential for an in-law suite or additional living accommodations. The home also offers the convenience of an attached 1.5 car garage and a spacious driveway, providing plenty of parking. Step outside and enjoy two inviting porches, each offering its own special setting. An east-facing porch perfect for morning coffee and a south-facing porch ideal for enjoying the afternoon sunshine. Situated on a quiet, family-friendly street, this home is ideally located within walking distance of schools, parks, and public transit, while also offering easy access to shopping, everyday amenities, and major highways. Recent updates include a new roof installed in August 2026, with a transferable warranty for the new homeowner. With its generous living space, flexible layout, fantastic location, and thoughtful features throughout, this is a home that offers both comfort and opportunity, a place where lasting memories are waiting to be made.

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%
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$699,920
Land Transfer Taxes$13,973
Legal Fees (Est.)
$
Total cash required for closing$190,453

Total Monthly Obligation

$4,427/mo
Mortgage $3,529
Monthly Loss $3,498
Principal$929
Interest$2,600
Property Tax$523
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.2%2
5-Year IRR
10.7%40
10-Year IRR
11.1%
Returns Index
21.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$45,996/yr
NOI
$30,620/yr
Net Cash Flow
-$977/mo
Cash Margin
-25.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
21.0/ 100

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

Comparables

Properties near 377 Carson Drive

Time

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