88 Eringate Court, Hamilton

$1,550,000
88 Eringate Court

$1,550,000

New
24d
Detached2-Storey

88 Eringate Court, Hamilton

Total Monthly Obligation $7,369

HausQ Valuation Report
Beds
5
Baths
4
Park
5
Sqft
2500-3000
DOM
24d
Score
15
Yield
3.5%
Cash on Cash
-8.8%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.2%
Property Type-Detached
MLS® Number-X13848092
Beds-5
Bathrooms-4
Size-2500-3000 sqft
Lot Size-34.68 × 142.57 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$8,903.38 (2026)
Parking-7 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Family Room, Natural Gas, Rec Room
Pool-None
Facing-East
Exterior-Brick, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-After November 25
Neighbourhood-Stoney Creek Mountain
Title-Residential Freehold

No agent assigned

Welcome to 88 Eringate Court, a spacious home situated on a quiet court on Stoney Creek Mountain. Positioned on a premium pie-shaped lot, this property offers great curb appeal and generous space, complete with a double-car garage featuring direct inside entry and a long driveway with parking for up to six vehicles. Step inside to discover high-end finishes throughout a thoughtfully designed layout featuring 4 + 1 generous bedrooms and 3.5 bathrooms. The main living area boasts high ceilings and upgraded flooring, centered around a cozy gas fireplace perfect for everyday living and entertaining .Designed for versatility, the property features two full kitchens, including a fully finished lower-level basement suite. This setup provides an ideal secondary living space or an amazing recreation area. Outside, the premium pie-shaped lot opens up endless possibilities for outdoor living, patio dining, or creating a private backyard retreat, all while being minutes away from local schools, parks, shopping, and major highways like the QEW and Red Hill Valley Parkway.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,240,000
Land Transfer Taxes$27,475
Legal Fees (Est.)
$
Total cash required for closing$338,975

Total Monthly Obligation

$7,369/mo
Mortgage $6,252
Monthly Loss $5,724
Principal$1,645
Interest$4,607
Property Tax$742
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-12.0%0
5-Year IRR
6.1%15
10-Year IRR
7.6%
Returns Index
8.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$53,832/yr
NOI
$35,045/yr
Net Cash Flow
-$3,332/mo
Cash Margin
-74.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
14.4/ 100

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

Comparables

Properties near 88 Eringate Court

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.