161 Berkindale Drive 8, Hamilton

$385,000
161 Berkindale Drive 8

$385,000

New
22d
Condo Townhouse2-Storey

161 Berkindale Drive 8, Hamilton

Total Monthly Obligation $2,238

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
22d
Score
24
Yield
6.7%
Cash on Cash
1.0%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Condo Townhouse
MLS® Number-X13850222
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,700 (2026)
Maintenance-$260/mo
Locker-None
Parking-1 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Possession-flexible
Neighbourhood-Riverdale
Title-Residential Condo & Other

No agent assigned

This three-bedroom condo townhouse offers over 1,000 sq. ft. of living space in Hamilton's Riverdale neighbourhood. The main floor features a comfortable living and dining area, a practical kitchen and a convenient two-piece bathroom. Upstairs are three bedrooms and a four-piece bathroom, while the unfinished basement provides laundry and plenty of additional storage space. Outside, the fully fenced patio offers private outdoor space with little upkeep. One parking space is included, and the roof was replaced in 2025. Located close to shopping, restaurants, schools, parks and transit, with Eastgate Square nearby and convenient access to the QEW and Red Hill Valley Parkway. A practical and affordable option for buyers looking for three bedrooms, outdoor space and a convenient Hamilton location

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Closing Costs

Mortgage Amount
$308,000
Land Transfer Taxes$4,250
Legal Fees (Est.)
$
Total cash required for closing$82,750

Total Monthly Obligation

$2,238/mo
Mortgage $1,553
Monthly Loss $1,829
Principal$409
Interest$1,144
Property Tax$225
Condo Fees$260
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%25
Cash-on-Cash
-4.6%3
5-Year IRR
12.2%51
10-Year IRR
12.4%
Returns Index
26.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$25,620/yr
NOI
$14,838/yr
Net Cash Flow
-$316/mo
Cash Margin
-14.8%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo73
Risk Index
35.2/ 100

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

Comparables

Properties near 161 Berkindale Drive 8

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.