23 Garfield Avenue N, Hamilton

$524,900
23 Garfield Avenue N

$524,900

Price Change
36d
Detached2 1/2 Storey

23 Garfield Avenue N, Hamilton

Total Monthly Obligation $2,759

Beds
4
Baths
2
Park
0
Sqft
1500-2000
DOM
36d
Score
23
Yield
6.1%
Cash on Cash
2.0%
Cap Rate
5.0%
5Y IRR
17.2%
10Y IRR
15.9%
Property Type-Detached
MLS® Number-X13798548
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-21.05 × 106.38 ft
Listed on site-Sep 17, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$3,200 (2026)
Parking-None
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Brick, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-Stipley
Title-Residential Freehold

No agent assigned

More space than you might expect, right in the heart of Hamilton. Welcome to 23 Garfield Avenue N, a detached 2.5-storey home offering four bedrooms, two bathrooms and approximately 1,556 sq. ft. of living space across four finished levels. Step inside to an inviting main floor filled with character and warm wood details. The living and dining areas offer comfortable spaces to gather, while the kitchen features rich cabinetry, ample storage and plenty of room for everyday living. The second level is home to three bedrooms and a well-appointed bathroom with a glass-enclosed shower. Head up one more level to find a spacious fourth bedroom, a private and versatile space that could also work beautifully as a home office, studio or quiet retreat. Downstairs, the finished lower level extends the living space even further with a recreation area, additional bathroom, laundry and storage, giving you flexibility for guests, hobbies, movie nights or everyday family life. Outside, the private fenced backyard offers space to relax, entertain and enjoy the warmer months. Set in an established Hamilton neighbourhood close to Tim Hortons Field, parks, schools, transit, shopping, restaurants and everyday amenities. With four bedrooms and four finished levels, 23 Garfield Avenue N offers the space and flexibility to settle in, make it your own and start your next chapter.

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

Closing Costs

Mortgage Amount
$419,920
Land Transfer Taxes$6,973
Legal Fees (Est.)
$
Total cash required for closing$113,453

Total Monthly Obligation

$2,759/mo
Mortgage $2,117
Monthly Loss $2,202
Principal$557
Interest$1,560
Property Tax$267
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.8%3
5-Year IRR
12.7%55
10-Year IRR
12.7%
Returns Index
28.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$32,004/yr
NOI
$21,104/yr
Net Cash Flow
-$359/mo
Cash Margin
-13.4%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
31.0/ 100

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

Comparables

Properties near 23 Garfield Avenue N

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.