23 Forest Ridge Avenue, Hamilton

$1,249,900
23 Forest Ridge Avenue

$1,249,900

New
4d
Detached2-Storey

23 Forest Ridge Avenue, Hamilton

Total Monthly Obligation $6,183

Beds
4
Baths
3
Park
2
Sqft
2000-2500
DOM
4d
Score
16
Yield
4.2%
Cash on Cash
-6.5%
Cap Rate
3.2%
5Y IRR
10.4%
10Y IRR
10.6%
Property Type-Detached
MLS® Number-X14095126
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-36.09 × 89.57 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$9,199 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Other, Natural Gas
Pool-None
Facing-North
Exterior-Brick, Brick Veneer
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Waterdown
Title-Residential Freehold

No agent assigned

Welcome to this beautifully maintained home in the desirable Cranberry Hill community of East Waterdown. Offering over 3,200 sq. ft. of thoughtfully designed living space, this residence is ideal for a growing family. The main level features a bright white kitchen with quartz countertops, a large centre island, high-end appliances, a walk-in pantry, and additional cabinetry beyond the original plans. Enjoy a separate formal dining room and a comfortable family room and powder room. Step outside from the kitchen to a fully fenced yard complete with hot tub and gazebo backing onto Cranberry Hill Park for added privacy and green space. A standout feature is the impressive great room with soaring 14-foot ceilings and a gas fireplace, just a few steps up from the main level. Double French doors open onto a private balcony-perfect for morning coffee. The upper level offers a generous primary bedroom with walk-in closet and ensuite, plus three additional bedrooms and a full bathroom. The lower level includes a dedicated laundry room, family room and abundant storage. Tasteful finishes throughout and lovingly maintained. A wonderful opportunity in a family-friendly neighbourhood. RSA

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

Closing Costs

Mortgage Amount
$999,920
Land Transfer Taxes$21,473
Legal Fees (Est.)
$
Total cash required for closing$272,953

Total Monthly Obligation

$6,183/mo
Mortgage $5,042
Monthly Loss $4,857
Principal$1,327
Interest$3,715
Property Tax$767
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.2%1
5-Year IRR
7.6%21
10-Year IRR
8.7%
Returns Index
11.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$52,008/yr
NOI
$33,108/yr
Net Cash Flow
-$2,283/mo
Cash Margin
-52.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
16.0/ 100

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

Comparables

Properties near 23 Forest Ridge Avenue

Time

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