52 Fairmount Avenue, Hamilton

$1,124,999
52 Fairmount Avenue

$1,124,999

New
2d
Detached2 1/2 Storey

52 Fairmount Avenue, Hamilton

Total Monthly Obligation $5,687

Beds
4
Baths
2
Park
5
Sqft
1500-2000
DOM
2d
Score
15
Yield
3.7%
Cash on Cash
-9.0%
Cap Rate
2.6%
5Y IRR
8.5%
10Y IRR
9.1%
Property Type-Detached
MLS® Number-X14104824
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-40 × 100 ft
Listed on site-Oct 21, 2026
Style-2 1/2 Storey
Building Type-Detached
Taxes-$9,285.54 (2026)
Parking-6 - Detached
Basement-Full, Unfinished
Heating-Heat Pump (Gas)
Brokerage-KELLER WILLIAMS COMPLETE REALTY
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Rolled
Foundation-Block
Sewer-Sewer
Possession-30-59 days
Neighbourhood-Kirkendall
Title-Residential Freehold

No agent assigned

Welcome to 52 Fairmount, a beautifully updated character home in one of Hamilton's most sought-after neighbourhoods. The home has been tastefully renovated while still keeping the details that make it special, including the original hardwood floors, trim, pocket doors, and plenty of classic character throughout. The main floor has a great flow and features a beautifully renovated kitchen that works just as well for everyday living as it does for entertaining. Whether you're cooking Sunday dinner, having friends over, or just enjoying a quiet night at home, it's a space that feels warm, comfortable, and easy to live in. Just beyond the kitchen, a bright addition gives you even more living space and walks out to the beautifully landscaped backyard, updated in 2021 and perfect for summer dinners, entertaining, or relaxing outside. Upstairs, you'll find another renovated bathroom and an oversized primary bedroom that was created by combining two original bedrooms. If you need the extra space, it could easily be converted back, giving you the option for four bedrooms on this level. The finished third-floor loft adds even more flexibility, with two separate spaces currently used as an additional living area and bedroom. It would also make a great home office, guest area, teen retreat, or studio. Outside, the private backyard and detached garage add even more value, with extra parking, storage, and space to enjoy. Just steps from Locke Street and minutes to James Street South, St. Joseph's Hospital, McMaster University, parks, trails, transit, and Highway 403, you're close to some of the best that Hamilton has to offer. With loads of character, thoughtful updates, and flexible living space across three finished levels, 52 Fairmount is a great opportunity to own in one of Hamilton's most established and desirable neighbourhoods.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$899,999
Land Transfer Taxes$18,975
Legal Fees (Est.)
$
Total cash required for closing$245,475

Total Monthly Obligation

$5,687/mo
Mortgage $4,538
Monthly Loss $4,493
Principal$1,194
Interest$3,344
Property Tax$774
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.7%0
5-Year IRR
5.7%13
10-Year IRR
7.3%
Returns Index
7.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$41,760/yr
NOI
$23,798/yr
Net Cash Flow
-$2,555/mo
Cash Margin
-73.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.1/ 100

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

Comparables

Properties near 52 Fairmount Avenue

Time

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