23 Fairgrounds Drive, Hamilton

$649,000
23 Fairgrounds Drive

$649,000

New
17d
Att/Row/Townhouse2-Storey

23 Fairgrounds Drive, Hamilton

Total Monthly Obligation $3,477

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
17d
Score
19
Yield
5.4%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Att/Row/Townhouse
MLS® Number-X13872248
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-20.01 × 117.81 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$5,806 (2026)
Parking-3 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Home is Vacant and Quick Close Available
Neighbourhood-Binbrook
Title-Residential Freehold

No agent assigned

Power of Sale. This spacious and beautiful freehold two-storey townhome is nestled in the heart of the highly desirable community of Binbrook, Ontario. From the moment you arrive, you will feel the warmth and comfort of a property that is ready to become the backdrop for your family's most cherished memories. Complete with a private garage, a bright and flowing layout, and a functional design, this home effortlessly blends modern convenience with a cozy, inviting charm. The property is fully vacant and available for a quick closing, meaning you won't have to wait to start your next chapter-you can take the keys right away and celebrate the upcoming seasons in your very own space. Many upgrades like Bricks, Fenced Yard and Garage, High Ceilings and Pot Lights, Large Rooms and Living Spaces, Patio doors direct to private rear yard and Laundry on the Bedroom level. Priced sharply to reflect incredible market value, this turnkey townhome represents a rare opportunity to own a piece of Binbrook's welcoming community. A tiny bit of vision, a cleaning and a little paint are all things you can do yourself to improve your equity. Do not miss the chance to aquire a place where you can finally call your own and where your future begins.

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

Closing Costs

Mortgage Amount
$519,200
Land Transfer Taxes$9,455
Legal Fees (Est.)
$
Total cash required for closing$140,755

Total Monthly Obligation

$3,477/mo
Mortgage $2,618
Monthly Loss $2,788
Principal$689
Interest$1,929
Property Tax$484
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
9.9%35
10-Year IRR
10.6%
Returns Index
18.6/ 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
$35,040/yr
NOI
$21,230/yr
Net Cash Flow
-$849/mo
Cash Margin
-29.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
24.2/ 100

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

Comparables

Properties near 23 Fairgrounds Drive

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.

Data is provided courtesy of PropTx.

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Data last updated within the past 24 hours.