54 Monte Drive, Hamilton

$839,900
54 Monte Drive

$839,900

New
22d
Detached2-Storey

54 Monte Drive, Hamilton

Total Monthly Obligation $4,357

Beds
4
Baths
4
Park
4
Sqft
2000-2500
DOM
22d
Score
17
Yield
4.7%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.6%
Property Type-Detached
MLS® Number-X13850344
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-60.03 × 100 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$7,133 (2025)
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS EDGE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Gershome
Title-Residential Freehold

No agent assigned

With the Niagara Escarpment as its crown and generous rooms at its heart, 54 Monte Drive is a home with presence, warmth and room to write your next chapter. Built in 1984, this traditional two-storey offers approximately 2,373 sq. ft. of finished above-grade living space on an approximately 60.17 x 100.21 ft. lot. Four generously sized bedrooms include a primary retreat with a four-piece ensuite, complemented by a separate three-piece bathroom and a main-floor two-piece powder room. An additional shower is located in the lower level. The spacious eat-in kitchen is a natural gathering place for everyday meals and lively conversation, while the sunken family room invites relaxed evenings beside the gas fireplace. Separate formal living and dining rooms, enhanced by beautifully maintained hardwood floors, offer welcoming spaces for celebrations and entertaining. A side entrance leads to the mudroom/laundry area, adding practical convenience to the layout. Below, approximately 1,182 sq. ft. of unfinished basement space provides a blank canvas for your future plans. The attached double garage offers approximately 422 sq. ft., while the double-width concrete driveway accommodates four additional vehicles. Notable features include central vacuum, an owned hot water tank, a furnace installed in 2019, air conditioning installed in 2026 and a roof replaced in 2015. Enjoy escarpment views from the front and rear of the home, with nearby hiking trails and Father Sean O'Sullivan Memorial Park bringing outdoor recreation close to home. Schools, everyday amenities and highway access are also nearby. Generous proportions, distinct gathering spaces and an inviting setting make this a home ready for its next chapter.

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

Closing Costs

Mortgage Amount
$671,920
Land Transfer Taxes$13,273
Legal Fees (Est.)
$
Total cash required for closing$182,753

Total Monthly Obligation

$4,357/mo
Mortgage $3,388
Monthly Loss $3,466
Principal$892
Interest$2,496
Property Tax$594
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.1%1
5-Year IRR
8.4%26
10-Year IRR
9.4%
Returns Index
14.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$39,744/yr
NOI
$24,137/yr
Net Cash Flow
-$1,377/mo
Cash Margin
-41.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.9/ 100

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

Comparables

Properties near 54 Monte Drive

Time

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