524 East 16th Street, Hamilton

$699,000
524 East 16th Street

$699,000

New
32d
DetachedBungalow

524 East 16th Street, Hamilton

Total Monthly Obligation $3,688

HausQ Valuation Report
Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
32d
Score
16
Yield
4.1%
Cash on Cash
-8.0%
Cap Rate
2.9%
5Y IRR
9.3%
10Y IRR
9.7%
Property Type-Detached
MLS® Number-X13809658
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-100 × 50 ft
Listed on site-Sep 21, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,922.84 (2025)
Parking-3 - Carport
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Hill Park
Title-Residential Freehold

No agent assigned

Welcome to 524 East 16th Street, a wonderful opportunity to own a beautiful home in the sought-after Hamilton Mountain community! This inviting property offers a comfortable layout, spacious living areas, and plenty of potential for families, first-time buyers, or investors. Enjoy the convenience of being close to schools, parks, shopping, restaurants, public transit, and major routes, making everyday living easy and accessible. The Hamilton Mountain location offers a great balance of peaceful residential living and convenient access to everything you need.

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

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,688/mo
Mortgage $2,820
Monthly Loss $2,946
Principal$742
Interest$2,078
Property Tax$494
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.5%0
5-Year IRR
5.9%14
10-Year IRR
7.4%
Returns Index
8.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$28,320/yr
NOI
$15,065/yr
Net Cash Flow
-$1,564/mo
Cash Margin
-66.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
21.6/ 100

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

Comparables

Properties near 524 East 16th 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

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.