94 Clarendon Avenue, Hamilton

$599,000
94 Clarendon Avenue

$599,000

New
2d
DetachedBungalow

94 Clarendon Avenue, Hamilton

Total Monthly Obligation $3,178

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
2d
Score
20
Yield
5.4%
Cash on Cash
-1.5%
Cap Rate
4.3%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Detached
MLS® Number-X14103424
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-49 × 103 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,640.56 (2026)
Parking-4 - Detached
Basement-Finished, Walk-Up, Separate Entrance, Full
Heating-Forced Air (Gas)
Brokerage-REALTY WORLD LEGACY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Balfour
Title-Residential Freehold

No agent assigned

Versatile and full of potential, this Hamilton Mountain home is an ideal opportunity for first-time buyers, downsizes or anyone looking for flexible living space. Many of the major updates have already been completed, including the main roof (2019), owned hot water heater (2020), new furnace (2021), garage roof (2023) and updated main floor windows (2019). The bright main level features a spacious living room with a large picture window overlooking a beautiful Japanese maple. The updated kitchen combines modern convenience with character, offering plenty of cabinetry, workable counterspace, an under cabinet microwave oven and a heavy duty range hood. Two comfortable main floor bedrooms, including a primary bedroom with two closets, and a secondary bedroom with plenty of natural light separated by the 4 piece bath complete this main floor. A separate side entrance with its own locking door leads to the finished lower level, complete with a second kitchen, living area, bedroom and 3 piece bathroom. This flexible space offers exciting potential for extended family, older children, guests, a work from home setup or possible supplemental income. Outside, enjoy raised garden beds, a backyard fenced on three sides and a detached garage workshop with hydro, perfect for parking a car or motorcycle, hobbies, projects or extra storage. The three car driveway provides plenty of parking, with additional street parking available for guests. Located on the Hamilton Mountain, in the desired Balfour neighbourhood close to shopping, transit, parks, schools and Mohawk College, this move-in ready home offers the updates, space and flexibility today's buyers are looking for.

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(utilities, internet...)
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%
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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

$3,178/mo
Mortgage $2,416
Monthly Loss $2,542
Principal$636
Interest$1,780
Property Tax$387
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.3%37
10-Year IRR
10.8%
Returns Index
19.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$32,604/yr
NOI
$20,203/yr
Net Cash Flow
-$733/mo
Cash Margin
-27.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
26.2/ 100

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

Comparables

Properties near 94 Clarendon Avenue

Time

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Data last updated within the past 24 hours.