24 Royce Avenue, Hamilton

$1,649,000
24 Royce Avenue

$1,649,000

New
21d
Detached2-Storey

24 Royce Avenue, Hamilton

Total Monthly Obligation $7,394

Beds
4
Baths
4
Park
4
Sqft
1500-2000
DOM
21d
Score
14
Yield
2.3%
Cash on Cash
-12.4%
Cap Rate
1.9%
5Y IRR
5.9%
10Y IRR
7.1%
Property Type-Detached
MLS® Number-X13856318
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-130.64 × 72.14 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,412 (2026)
Parking-6 - Attached
Basement-Full, Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Stoney Creek
Title-Residential Freehold

No agent assigned

Welcome to this exceptional custom-renovated home in one of Stoney Creek's most sought-after neighbourhoods. Completely rebuilt down to the studs with no detail overlooked, this stunning residence offers over 4,000 sq.ft. of beautifully finished living space, including 2,734 sq.ft. above grade, showcasing premium craftmanship and luxury finishes throughout. The thoughtfully designed main home features 4+1 spacious bedrooms and 3.5 elegant bathrooms, highlighted by a spectacular primary retreat, designer kitchen, open-concept living spaces, and high-end finishes that blend timeless style with modern functionality. The fully finished lower level offers a self-contained 1-bedroom, 1-bathroom in-law suite with its own private entrance, making it ideal for multi-generational living, extended family, or income potential. Step outside to a private side yard with ample space for a future pool, creating the perfect setting for entertaining or relaxing. Completing the home is an oversized double garage and exceptional curb appeal. Located in a highly desirable family-friendly community close to excellent schools, parks, shopping, restaurants, highway access, and all amenities, this is a rare opportunity to own what is essentially a brand-new luxury home in an established neighbourhood.

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

Closing Costs

Mortgage Amount
$1,319,200
Land Transfer Taxes$29,455
Legal Fees (Est.)
$
Total cash required for closing$360,755

Total Monthly Obligation

$7,394/mo
Mortgage $6,652
Monthly Loss $5,644
Principal$1,750
Interest$4,901
Property Tax$368
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.2%0
5-Year IRR
3.6%7
10-Year IRR
5.6%
Returns Index
5.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$38,652/yr
NOI
$25,875/yr
Net Cash Flow
-$4,495/mo
Cash Margin
-139.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
13.8/ 100

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

Comparables

Properties near 24 Royce Avenue

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.