48 Burton Street, Hamilton

$474,900
48 Burton Street

$474,900

New
7d
Detached1 1/2 Storey

48 Burton Street, Hamilton

Total Monthly Obligation $2,507

Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
7d
Score
30
Yield
7.2%
Cash on Cash
7.0%
Cap Rate
6.1%
5Y IRR
21.2%
10Y IRR
19.3%
Property Type-Detached
MLS® Number-X14085050
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-22 × 95 ft
Listed on site-Oct 16, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$2,600.59 (2026)
Parking-2 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ICI SOURCE REAL ASSET SERVICES INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-November 31, 2026
Neighbourhood-Industrial Sector
Title-Residential Freehold

No agent assigned

Cute starter or retirement home in an established Hamilton neighbourhood. Close to hospitals, transportation, and 1.5 kms from West Harbour Go station for an easy commute into the city. Fully finished basement with lock-off to mail house, shared laundry room, kitchenette and bathroom. House professionally renovated in 2018. Property is tenant occupied but possession is available for a quick close in 30-45 days. Beautiful private yard with rear lane parking available. Nice deck out back and cozy porch out front. All new mechanicals in 2020, roof 2019. Basement waterproofed and back check valve installed in 2018. *For Additional Property Details Click The Brochure Icon Below*

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

Closing Costs

Mortgage Amount
$379,920
Land Transfer Taxes$5,973
Legal Fees (Est.)
$
Total cash required for closing$102,453

Total Monthly Obligation

$2,507/mo
Mortgage $1,916
Monthly Loss $2,003
Principal$504
Interest$1,412
Property Tax$217
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.0%37
Cash-on-Cash
0.5%9
5-Year IRR
16.1%78
10-Year IRR
15.5%
Returns Index
41.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 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
$34,032/yr
NOI
$23,528/yr
Net Cash Flow
$45/mo
Cash Margin
1.6%6
Cash Flow Index
6.4/ 100
Risk Profile
Weight: 20%
DSCR
1.0229
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
37.3/ 100

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

Comparables

Properties near 48 Burton Street

Time

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Data last updated within the past 24 hours.