115 King Street E, Hamilton

$505,000
115 King Street E

$505,000

New
7d
Detached2-Storey

115 King Street E, Hamilton

Total Monthly Obligation $2,851

HausQ Valuation Report
Beds
4
Baths
3
Park
5
Sqft
1500-2000
DOM
7d
Score
30
Yield
7.6%
Cash on Cash
6.9%
Cap Rate
6.1%
5Y IRR
21.1%
10Y IRR
19.2%
Property Type-Detached
MLS® Number-X14087450
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-56.1 × 197.2 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$5,269 (2026)
Parking-3 - None
Basement-Full, Walk-Up, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas, Rec Room, Wood
Pool-None
Facing-North
Exterior-Brick
Roof-Metal
Foundation-Block
Sewer-Sewer
Possession-60-90 days, TBD
Neighbourhood-Stoney Creek
Title-Residential Freehold

No agent assigned

Excellent opportunity in prime Olde Stoney Creek location, steps to schools, shopping and transit! The huge 56 X 197 foot lot is perfect to build your dream home. The existing house itself is in a state of neglect and disrepair, overly cluttered and requires significant renovation and restoration. Ideal for a contractor or handyman/first-time buyer with the resources to bring it back to life. Most photos were taken by the owner when they purchased the property. Improvements include a steel roof, furnace, and central air (2018). The rear yard itself, while overgrown, boasts numerous fruit trees and shrubs (apple, plum, cherry, pear) and berry bushes. Due to the current condition of the property, caution is required when viewing the property. Property is being sold "As-Is, Where-Is" with no representations or warranties regarding its condition or potential uses.

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

Closing Costs

Mortgage Amount
$404,000
Land Transfer Taxes$6,575
Legal Fees (Est.)
$
Total cash required for closing$109,075

Total Monthly Obligation

$2,851/mo
Mortgage $2,037
Monthly Loss $2,315
Principal$536
Interest$1,501
Property Tax$439
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.9%37
Cash-on-Cash
0.5%8
5-Year IRR
16.2%78
10-Year IRR
15.6%
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
$38,604/yr
NOI
$24,975/yr
Net Cash Flow
$44/mo
Cash Margin
1.4%6
Cash Flow Index
6.1/ 100
Risk Profile
Weight: 20%
DSCR
1.0229
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
34.4/ 100

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

Comparables

Properties near 115 King Street E

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.