225 Prospect Street S, Hamilton

$699,900
225 Prospect Street S

$699,900

New
36d
Detached2 1/2 Storey

225 Prospect Street S, Hamilton

Total Monthly Obligation $3,561

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
36d
Score
22
Yield
5.7%
Cash on Cash
0.4%
Cap Rate
4.7%
5Y IRR
15.9%
10Y IRR
14.9%
Property Type-Detached
MLS® Number-X13800220
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-26 × 100 ft
Listed on site-Sep 17, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$4,356.66 (2025)
Parking-3 - Detached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS EDGE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric, Family Room, Living Room
Pool-None
Facing-East
Exterior-Brick, Cedar
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-St. Clair
Title-Residential Freehold

No agent assigned

Welcome to 225 Prospect St S in St. Clair! Located just minutes from vibrant Gage Park, this charming 2.5-storey detached home perfectly blends modern updates with incredible potential for a growing family. The bright, open-concept main floor features hardwood flooring, an electric fireplace, and a spacious dining room with a custom feature wall of cabinetry - ideal for family dinners and entertaining. The open-concept kitchen makes life easy, offering a sink overlooking the backyard and seamless access to the back deck for summer BBQs. Upstairs, the second level boasts a large 17-ft primary bedroom and a spacious second bedroom, both featuring double closets. A smart conversion created a dream upper-level laundry room and a luxurious, structurally reinforced 4-piece bathroom (2019) complete with heated marble floors and ample built-in storage. The third-floor offers a third bedroom and a bright flex space. It's the perfect family hang out room, playroom or home office. Need more space? The unfinished basement boasts a rare 8'5" ceiling height, a separate side entrance, and a fully completed, modern 3-piece bathroom with heated floors. Whether you're considering income-options or simply expanding your living space, this basement offers huge potential. Outside, enjoy a fully fenced, family-friendly yard with an upper deck, lower patio, and mature gardens. The detached garage with laneway is currently used as storage, but with a little work for a new garage door, you've got yourself a secured 3rd parking space in addition to the 2 on the front double wide drive. Located within minutes walking distance to Gage Park, the 74-acre muti-use park featuring extensive rose gardens, tropical greenhouses, playground, splash pad, bandshell, tennis courts, lawn bowling, baseball diamonds, and Children's Museum. If restaurants and shopping is more your vibe, you've got what you need on nearby Ottawa St. 225 Prospect St S is the perfect home to plant your roots!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,561/mo
Mortgage $2,823
Monthly Loss $2,818
Principal$743
Interest$2,080
Property Tax$363
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%25
Cash-on-Cash
-4.6%3
5-Year IRR
12.0%50
10-Year IRR
12.2%
Returns Index
26.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$39,804/yr
NOI
$26,967/yr
Net Cash Flow
-$576/mo
Cash Margin
-17.4%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
25.3/ 100

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

Comparables

Properties near 225 Prospect Street S

Time

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