229 Park Row S, Hamilton

$779,850
229 Park Row S

$779,850

Price Change
14d
Detached2-Storey

229 Park Row S, Hamilton

Total Monthly Obligation $3,886

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
14d
Score
17
Yield
4.3%
Cash on Cash
-5.3%
Cap Rate
3.4%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Detached
MLS® Number-X14033964
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40 × 91.7 ft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,389 (2026)
Parking-3 - Detached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Delta
Title-Residential Freehold

No agent assigned

AbsolutelyWelcome to **229 Park Row South**, a beautifully updated circa-1929 Craftsman-style two-storey home where timeless character meets modern comfort. Located in the desirable Gage Park neighbourhood on a quiet, mature tree-lined street, this inviting home offers convenient access to schools, parks, shopping, recreation and major highways.From the moment you step inside, the original craftsmanship stands out. Beautifully refinished hardwood floors with mahogany inlay, original oak trim and baseboards, solid oak interior doors and rich period details create a warm and welcoming atmosphere. The formal living and dining rooms are ideal for everyday living and entertaining, with the dining room showcasing a striking Craftsman-style colonnade, built-in cabinetry, decorative columns and a charming window alcove with built-in seating.The updated open-concept kitchen blends beautifully with the home's original character and features custom white cabinetry, quartz countertops, a stylish herringbone backsplash, generous peninsula seating and counter space, plus four new appliances.Upstairs, you'll find three spacious bedrooms, each with its own walk-in closet, along with a beautifully renovated four-piece bathroom. The finished lower level, accessed by a convenient side entrance, provides even more living space with a comfortable recreation room, new three-piece bathroom, laundry area and a large utility/storage room.Outdoor living is just as appealing. Relax on the covered front porch with new maintenance-free railings, or step out from the kitchen to the spacious new rear deck overlooking the fully fenced backyard. A private side driveway leads to the detached garage.Recent improvements include all new windows, updated wiring and plumbing, and a roof replaced in 2019. Filled with original charm and thoughtfully updated for today's lifestyle, 229 Park Row South is a special opportunity in one of Hamilton's most established and sought-after neighbourhoods!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$623,880
Land Transfer Taxes$12,072
Legal Fees (Est.)
$
Total cash required for closing$169,542

Total Monthly Obligation

$3,886/mo
Mortgage $3,146
Monthly Loss $3,059
Principal$828
Interest$2,318
Property Tax$366
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%16
Cash-on-Cash
-9.7%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$33,756/yr
NOI
$21,491/yr
Net Cash Flow
-$1,355/mo
Cash Margin
-48.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.4/ 100

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

Comparables

Properties near 229 Park Row S

Time

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Data last updated within the past 24 hours.