242 East Avenue N, Hamilton

$499,000
242 East Avenue N

$499,000

New
7d
Detached2-Storey

242 East Avenue N, Hamilton

Total Monthly Obligation $2,652

HausQ Valuation Report
Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
7d
Score
37
Yield
7.8%
Cash on Cash
9.4%
Cap Rate
6.6%
5Y IRR
23.1%
10Y IRR
20.9%
Property Type-Detached
MLS® Number-X14089340
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-25.05 × 122.02 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,176 (2026)
Parking-4 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX SKYWAY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Above Ground
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-TBD
Neighbourhood-Landsdale
Title-Residential Freehold

No agent assigned

Welcome to your dream home! This beautifully upgraded 3-bedroom, 2-bathroom two-storey property offers the perfect balance of comfort and style. Ideally situated near major highways, it provides effortless access to commuting routes while being just minutes from public transit, Hamilton General Hospital, schools, restaurants, grocery stores, and pharmacies. Step outside into your own private retreat an enchanting landscaped backyard featuring a heated saltwater pool, sunbathing deck, and a serene koi pond, ideal for relaxation or entertaining guests. Inside, you'll love the spacious layout, including a bright and airy living room, a modern kitchen with updated finishes, and a formal dining area, perfect for family gatherings. Upstairs, three generously sized bedrooms provide ample space for rest and privacy. Whether you're enjoying quiet time in your backyard oasis or hosting family and friends indoors, this home offers both tranquility and convenience. Don't miss the opportunity to make this stunning property yours.

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

Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,652/mo
Mortgage $2,013
Monthly Loss $2,123
Principal$530
Interest$1,483
Property Tax$265
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.5%43
Cash-on-Cash
2.8%14
5-Year IRR
18.0%86
10-Year IRR
17.1%
Returns Index
48.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
37/ 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
$38,760/yr
NOI
$27,208/yr
Net Cash Flow
$255/mo
Cash Margin
7.9%19
Cash Flow Index
19.4/ 100
Risk Profile
Weight: 20%
DSCR
1.1338
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
39.0/ 100

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

Comparables

Properties near 242 East Avenue N

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.