284 East 21st Street, Hamilton

$649,777
284 East 21st Street

$649,777

New
16d
Detached1 1/2 Storey

284 East 21st Street, Hamilton

Total Monthly Obligation $3,359

Beds
4
Baths
2
Park
3
Sqft
1100-1500
DOM
16d
Score
19
Yield
5.3%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.4%
10Y IRR
13.7%
Property Type-Detached
MLS® Number-X13871736
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40 × 112 ft
Listed on site-Oct 7, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$4,358 (2026)
Parking-3 - None
Basement-Finished, Full, Finished with Walk-Out, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Eastmount
Title-Residential Freehold

No agent assigned

Discover a versatile and beautifully maintained 1.5 story home offering exceptional flexibility for families, multi-generational living, or those looking for income potential. Thoughtfully arranged with two separate living spaces, this home provides plenty of room to adapt to a variety of lifestyles. The main living area extends across the main and upper levels and features two comfortable bedrooms, a full bathroom, its own kitchen and dedicated laundry facilities. Hardwood flooring adds warmth and character, while the kitchen is finished with stainless steel appliances and granite countertops, creating a functional and inviting space for everyday living and entertaining. A separate side entrance provides access to the finished lower level, which is set up for in-law suite living and includes two additional bedrooms, a second kitchen, a 3-piece bathroom, comfortable living space and its own separate laundry room. This layout offers excellent privacy and flexibility for extended family, older children, guests or potential rental use. The home can easily function as one spacious single-family residence while also offering the ability to maintain separate living arrangements, making it an attractive option for both homeowners and investors. Outside, enjoy a large backyard with plenty of space for entertaining, relaxing or creating your own outdoor retreat. A fire pit provides the perfect gathering place for summer evenings, while the welcoming porch adds to the home's charm. Additional peace of mind comes with the furnace and air conditioning systems having been updated in 2018. Combining character, functionality and multiple living possibilities, this property presents a unique opportunity for buyers looking for a home that can evolve with their needs.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$534,377($14,555 CMHC)
Land Transfer Taxes$9,471
Legal Fees (Est.)
$
Total cash required for closing$140,926

Total Monthly Obligation

$3,433/mo
Mortgage $2,694
Monthly Loss $2,724
Principal$709
Interest$1,985
Property Tax$363
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-7.1%1
5-Year IRR
8.9%28
10-Year IRR
10.4%
Returns Index
16.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,704/yr
NOI
$22,376/yr
Net Cash Flow
-$830/mo
Cash Margin
-28.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
82.2%14
Vacancy Buffer
2.8 mo46
Risk Index
23.1/ 100

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

Comparables

Properties near 284 East 21st Street

Time

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