188 Hess Street N, Hamilton

$499,999
188 Hess Street N

$499,999

New
26d
Att/Row/TownhouseBungalow

188 Hess Street N, Hamilton

Total Monthly Obligation $2,705

Beds
4
Baths
3
Park
1
Sqft
700-1100
DOM
26d
Score
20
Yield
5.3%
Cash on Cash
-2.4%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Att/Row/Townhouse
MLS® Number-X13835158
Beds-4
Bathrooms-3
Size-700-1100 sqft
Lot Size-28.58 × 105.45 ft
Listed on site-Sep 27, 2026
Style-Bungalow
Building Type-Att/Row/Townhouse
Taxes-$3,752 (2026)
Parking-1 - None
Basement-Finished, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 PROPERTY ZONE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Flexible
Neighbourhood-Strathcona
Title-Residential Freehold

No agent assigned

Welcome to 188 Hess Street North, a bright corner-unit home in Hamilton's sought-after Strathcona neighbourhood. This versatile property features 3+1 bedrooms and 2 bathrooms, makingit ideal for families, investors, or anyone looking for additional income potential.One of the standout features is the two separate living spaces, each with its own laundry facilities, offering convenience and privacy for occupants. The finished lower level includes a kitchen, bedroom, bathroom, living area, and dedicated laundry, creating a flexible setup for extended family or potential rental use.Step outside to the backyard, where you'll find a solid concrete shed with alley access and exciting future ADU potential, subject to city approvals. Located just minutes from downtown Hamilton, GO Transit, and Highway 403, this property offers flexibility, convenience, andlong-term value. Don't miss your chance to own this unique opportunity in one of Hamilton's growing neighbourhoods.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$399,999
Land Transfer Taxes$6,475
Legal Fees (Est.)
$
Total cash required for closing$107,975

Total Monthly Obligation

$2,705/mo
Mortgage $2,017
Monthly Loss $2,174
Principal$531
Interest$1,486
Property Tax$313
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.3%31
10-Year IRR
10.1%
Returns Index
16.6/ 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
$26,400/yr
NOI
$15,508/yr
Net Cash Flow
-$725/mo
Cash Margin
-32.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
29.1/ 100

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

Comparables

Properties near 188 Hess Street 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.