22 RIVERDALE Drive 1, Hamilton

$449,900
22 RIVERDALE Drive 1

$449,900

New
16d
Condo Townhouse2-Storey

22 RIVERDALE Drive 1, Hamilton

Total Monthly Obligation $2,878

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
16d
Score
20
Yield
6.7%
Cash on Cash
-2.5%
Cap Rate
4.1%
5Y IRR
13.6%
10Y IRR
13.1%
Property Type-Condo Townhouse
MLS® Number-X13873186
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,975 (2026)
Maintenance-$615/mo
Locker-None
Parking-1 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Possession--
Neighbourhood-Riverdale
Title-Residential Condo & Other

No agent assigned

Welcome to this well-maintained end-unit townhouse featuring stylish modern updates throughout. The main floor offers new flooring, pot lights, an eye-catching accent wall, and a beautifully updated kitchen with quartz countertops/backsplash and stainless steel appliances. The spacious, open-concept layout includes a large living room, a formal dining area, and a kitchen overlooking the private backyard with no direct rear neighbours and peaceful green space views. Upstairs you'll find three generously sized bedrooms and a partially renovated bathroom with contemporary finishes. The finished basement adds extra living space with a versatile den and a cozy sitting area or playroom. Conveniently located within walking distance to Eastgate Square and just minutes from the future Confederation GO Station, this home offers the perfect blend of comfort, style, and location.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$359,920
Land Transfer Taxes$5,473
Legal Fees (Est.)
$
Total cash required for closing$96,953

Total Monthly Obligation

$2,878/mo
Mortgage $1,815
Monthly Loss $2,400
Principal$478
Interest$1,337
Property Tax$248
Condo Fees$615
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.8%34
10-Year IRR
10.6%
Returns Index
18.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$30,096/yr
NOI
$14,331/yr
Net Cash Flow
-$620/mo
Cash Margin
-24.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
27.8/ 100

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

Comparables

Properties near 22 RIVERDALE Drive 1

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.