60 Lake Avenue Drive, Hamilton

$785,000
60 Lake Avenue Drive

$785,000

New
7d
Detached2-Storey

60 Lake Avenue Drive, Hamilton

Total Monthly Obligation $3,966

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
7d
Score
17
Yield
4.4%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.1%
Property Type-Detached
MLS® Number-X14090074
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-45 × 239.5 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$5,098 (2026)
Parking-5 - Detached
Basement-Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Stoney Creek
Title-Residential Freehold

No agent assigned

Charming 3-Bed, 2-Bath Stoney Creek Home with In-Law Suite! This bright and open main floor boasts a cozy living room with a fireplace, a kitchen featuring stainless steel appliances, and a spacious dining room with double doors leading to the back deck. Upstairs offers three generously sized bedrooms, a large 4-piece bathroom with laundry, and access to a quaint private balcony. A separate walk-out basement entrance leads to the in-law suite, complete with its own living area, bedroom, kitchen, and washer/dryer. Situated on a large 45 x 239.50 ft lot with a private deck, shed, and a detached garage! This home is close to Battlefield Park, downtown Stoney Creek, parks, shops, great schools, and offers easy highway access.

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

Closing Costs

Mortgage Amount
$628,000
Land Transfer Taxes$12,175
Legal Fees (Est.)
$
Total cash required for closing$170,675

Total Monthly Obligation

$3,966/mo
Mortgage $3,166
Monthly Loss $3,133
Principal$833
Interest$2,333
Property Tax$425
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.3/ 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
$34,200/yr
NOI
$21,182/yr
Net Cash Flow
-$1,401/mo
Cash Margin
-49.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
21.0/ 100

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

Comparables

Properties near 60 Lake Avenue Drive

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.