88 Gage Avenue S, Hamilton

$589,900
88 Gage Avenue S

$589,900

New
18d
Detached2-Storey

88 Gage Avenue S, Hamilton

Total Monthly Obligation $3,034

Beds
4
Baths
2
Park
2
Sqft
1500-2000
DOM
18d
Score
24
Yield
6.2%
Cash on Cash
2.7%
Cap Rate
5.2%
5Y IRR
17.7%
10Y IRR
16.4%
Property Type-Detached
MLS® Number-X13867194
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-34 × 91.33 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,360 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Stipley
Title-Residential Freehold

No agent assigned

Steps to the entrance of Gage Park on the planned LRT route! This newly renovated all brick home features 4 bedrooms, 2 washrooms and a newly finished deck privately fenced backyard. Pot Lights throughout with new windows and flooring. Loads of pride in ownership! friendly neighbors, safe streets, and a mix of long term residents and young families. Separate entrance to a potential 2 bedroom suite in the basement for that extra income or in-law suite. Walking Height Attic for that extra storage. Ample parking and shed for storage .

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

Closing Costs

Mortgage Amount
$471,920
Land Transfer Taxes$8,273
Legal Fees (Est.)
$
Total cash required for closing$127,753

Total Monthly Obligation

$3,034/mo
Mortgage $2,379
Monthly Loss $2,408
Principal$626
Interest$1,753
Property Tax$280
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.9%4
5-Year IRR
13.4%60
10-Year IRR
13.3%
Returns Index
31.5/ 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
$36,432/yr
NOI
$24,929/yr
Net Cash Flow
-$302/mo
Cash Margin
-10.0%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
29.7/ 100

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

Comparables

Properties near 88 Gage Avenue S

Time

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