196 Simcoe Street E, Hamilton

$659,900
196 Simcoe Street E

$659,900

Price Change
24d
Detached2-Storey

196 Simcoe Street E, Hamilton

Total Monthly Obligation $3,335

HausQ Valuation Report
Beds
3
Baths
2
Park
0
Sqft
1100-1500
DOM
24d
Score
19
Yield
4.7%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13839526
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-16.98 × 82.16 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,581.63 (2026)
Parking-None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX WEST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Concrete Block
Sewer-Sewer
Possession-60-90 Days
Neighbourhood-North End
Title-Residential Freehold

No agent assigned

Welcome to this well- maintained 2-storey detached home! Featuring 3 spacious bedroom & 2 full washrooms with no neighbours on one side. Enjoy an oversized kitchen with stainless steel appliances, bright living/dining area with hardwood floor on main floor, laminate flooring on second floor & crown moulding. Private, fully wood-fenced 6feet high, backyard backs directly onto the park. Perfect for entertaining and enjoying nature! Partially finished basement, laundry room with endless potential. Expansive garden with its own firepit. Cozy home that welcomes all! Central area to many different stores, restaurants as well as Hamilton General Hospital. A wonderful property ideal for first-time buyers or investors.

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

Closing Costs

Mortgage Amount
$527,920
Land Transfer Taxes$9,673
Legal Fees (Est.)
$
Total cash required for closing$143,153

Total Monthly Obligation

$3,335/mo
Mortgage $2,662
Monthly Loss $2,635
Principal$700
Interest$1,961
Property Tax$298
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.9%28
10-Year IRR
9.7%
Returns Index
15.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,972/yr
NOI
$19,793/yr
Net Cash Flow
-$1,012/mo
Cash Margin
-39.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.5/ 100

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

Comparables

Properties near 196 Simcoe Street E

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.