566 Southridge Drive 65, Hamilton

$649,900
566 Southridge Drive 65

$649,900

New
24d
Condo TownhouseBungaloft

566 Southridge Drive 65, Hamilton

Total Monthly Obligation $3,778

Beds
3
Baths
3
Park
1
Sqft
1600-1799
DOM
24d
Score
18
Yield
5.5%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Townhouse
MLS® Number-X13838350
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Sep 29, 2026
Style-Bungaloft
Building Type-Condo Townhouse
Age-16-30
Taxes-$5,971.5 (2026)
Maintenance-$458.99/mo
Locker-None
Parking-2 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Exterior-Brick, Other
Possession-Flexible
Neighbourhood-Mountview
Title-Residential Condo & Other

No agent assigned

Fantastic opportunity to own a spacious bungaloft townhome in a quiet & well-maintained complex on Hamilton's West Mountain. Offering 1,798 sq ft (above grade), 3 bdrms, 3 full baths, an attached single-car grg & an expansive unfinished bsmt, this versatile layout is ideal for those looking for one floor living, with the flexibility of additional bonus space on the upper level. Main lvl feat incl a welcoming foyer, a functional kitch opening to adjoining din & liv areas, w/ the liv rm highlighted by a charming corner gas FP & vaulted ceilings, a spacious main-lvl primary retreat offering ample closet space & a private 4-pc ensuite, main-lvl laund for everyday convenience, a secondary main level bdrm & a 3-pc bath. On the upper level, an impressive loft overlooks the living room below and provides excellent flex space for a family rm, office, reading area or hobby space. An exceptionally spacious 3rd bdrm with ensuite privileges leading to a 4-pc bath complete the upper lvl - ideal for guests or family seeking additional privacy. The unspoiled bsmt offers substantial storage & excellent future potential. Outside feat incl surfaced parking for 1 vehicle + single-car grg w/ inside entry & no immediate rear neighbours. Noteworthy improvements incl roof shingles, furnace & central air. Convenient West Mountain location close to shopping, restaurants, parks, schools, transit, rec amenities, the Linc & major commuter routes. A fantastic opportunity for buyers seeking turn-key living without sacrificing space or versatility.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,778/mo
Mortgage $2,622
Monthly Loss $3,088
Principal$690
Interest$1,932
Property Tax$498
Condo Fees$459
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.4%25
10-Year IRR
9.4%
Returns Index
13.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$35,748/yr
NOI
$18,294/yr
Net Cash Flow
-$1,097/mo
Cash Margin
-36.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
21.9/ 100

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

Comparables

Properties near 566 Southridge Drive 65

Time

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