687 Upper James Street, Hamilton

$689,000
687 Upper James Street

$689,000

New
74d
Detached1 1/2 Storey

687 Upper James Street, Hamilton

Total Monthly Obligation $3,490

Beds
5
Baths
2
Park
3
Sqft
1500-2000
DOM
74d
Score
21
Yield
5.4%
Cash on Cash
-0.8%
Cap Rate
4.4%
5Y IRR
14.9%
10Y IRR
14.1%
Property Type-Detached
MLS® Number-X13659608
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-50 × 109 ft
Listed on site-Aug 10, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$4,031 (2025)
Parking-3 - None
Basement-Finished, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-CITYGATE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Balfour
Title-Residential Freehold

No agent assigned

Move-in ready home in one of Hamilton's most convenient locations! Close to schools, parks, shopping, transit, and all the amenities you need. Beautifully updated throughout, this home offers two separate living spaces, ideal for an in-law suite or potential rental income. The upper level features a modern kitchen with quartz countertops, updated appliances, renovated bathrooms, and plenty of natural light. The finished basement with a separate entrance includes its own kitchen and bathroom for added flexibility. Recent updates include windows (2025), furnace (2025), updated light fixtures throughout, and fully renovated bathrooms. With parking for three cars, this is a fantastic opportunity for families, first-time buyers, or investors!

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$551,200
Land Transfer Taxes$10,255
Legal Fees (Est.)
$
Total cash required for closing$149,555

Total Monthly Obligation

$3,490/mo
Mortgage $2,779
Monthly Loss $2,759
Principal$731
Interest$2,048
Property Tax$336
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.8%2
5-Year IRR
11.1%43
10-Year IRR
11.4%
Returns Index
22.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$36,996/yr
NOI
$24,765/yr
Net Cash Flow
-$715/mo
Cash Margin
-23.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
24.9/ 100

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

Comparables

Properties near 687 Upper James Street

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.

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Data last updated within the past 24 hours.