241 Thorner Drive, Hamilton

$664,999
241 Thorner Drive

$664,999

New
3d
DetachedBungalow

241 Thorner Drive, Hamilton

Total Monthly Obligation $3,418

Beds
3
Baths
2
Park
5
Sqft
700-1100
DOM
3d
Score
17
Yield
4.3%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.8%
Property Type-Detached
MLS® Number-X14097386
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-50.04 × 105.22 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,328 (2025)
Parking-5 - None
Basement-Full, Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER BURNHILL REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Thorner
Title-Residential Freehold

No agent assigned

LOCATION LOCATION LOCATION - Welcome to this charming bungalow offering the perfect blend of functionality and opportunity in PRIME central mountain location! Just steps from Lime Ridge Mall, this home is ideal for families, investors, or those looking for flexible living space. Step inside to a bright kitchen featuring ceramic flooring and convenient access to the backyard-perfect for summer BBQs and easy entertaining. The open-concept living and dining area showcases rustic hardwood floors and vaulted ceiling, creating an airy, inviting space to relax and host. The main level offers three well-sized bedrooms, including one with its own separate back entry-ideal for added privacy or home-based business potential-along with a full bathroom. Downstairs, the fully finished basement with a separate entrance opens the door to incredible versatility. Currently used as a recreation room and guest quarters with powder bath, this space offers excellent potential for an in-law suite or additional living area. You'll also find three separate storage spaces, ensuring plenty of room to stay organized. Outside, enjoy an oversized backyard complete with a deck-perfect for entertaining, gardening, or simply unwinding. A concrete driveway with parking for three cars adds everyday convenience. Located within walking distance to shopping, amenities, and transit, this home delivers comfort, flexibility, and unbeatable value.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$531,999
Land Transfer Taxes$9,775
Legal Fees (Est.)
$
Total cash required for closing$144,275

Total Monthly Obligation

$3,418/mo
Mortgage $2,682
Monthly Loss $2,712
Principal$706
Interest$1,977
Property Tax$361
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
10.8/ 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
$28,452/yr
NOI
$16,779/yr
Net Cash Flow
-$1,284/mo
Cash Margin
-54.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
23.3/ 100

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

Comparables

Properties near 241 Thorner Drive

Time

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