138 Luscombe Street, Hamilton

$599,000
138 Luscombe Street

$599,000

New
4d
DetachedBungalow

138 Luscombe Street, Hamilton

Total Monthly Obligation $3,159

Beds
2
Baths
2
Park
4
Sqft
700-1100
DOM
4d
Score
19
Yield
5.1%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-X14093464
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-50 × 150.33 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,411 (2026)
Parking-4 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible/TBA
Neighbourhood-Greeningdon
Title-Residential Freehold

No agent assigned

Welcome to this solid, all-brick bungalow in Hamilton's Greeningdon community on the Mountain! Pride of ownership is evident throughout this well-maintained home. The main level features hardwood flooring, two bedrooms (originally designed as three, with the dining room offering the potential to be converted back), a bright kitchen, spacious living room and a 3-piece bathroom. The partially finished basement includes an additional 3-piece bathroom and laundry area. Recent updates include a newer roof and furnace, while the driveway offers parking for at least four vehicles. A rare 150-foot-deep, fully fenced lot provides plenty of space for gardening, outdoor entertaining or creating your own backyard oasis. Conveniently located close to schools, shopping, parks and major highway access, this property offers excellent potential for first-time buyers, investors or renovators looking to add value and make it their own. An opportunity to unlock the potential in a desirable Mountain location! Property is being sold in "as is, where is" condition.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,159/mo
Mortgage $2,416
Monthly Loss $2,523
Principal$636
Interest$1,780
Property Tax$368
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.3%31
10-Year IRR
10.1%
Returns Index
16.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,528/yr
NOI
$18,564/yr
Net Cash Flow
-$869/mo
Cash Margin
-34.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
25.7/ 100

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

Comparables

Properties near 138 Luscombe Street

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.