1 / 28

Investment signal

$599,900

260 PROSPECT Street S

Save this home

Beds

Baths

Sqft

—

Year

1919

Type

Single Family

Suite

Investment signal

Text Hasan Open map Ask a question

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Fantastic investment opportunity at the base of the escarpment! 260 Prospect Ave is currently operated as a duplex with a vacant basement featuring a walkout, offering excellent potential for more rental area. Bonus income opportunity with a large two-storey barn at the rear, currently rented separately. Located in a highly desirable area close to Gage Park, trails, transit, shopping, and all major amenities. Ideal for investors, multi-generational living, or those looking to add value in a prime Hamilton location! (id:65958)

Subtype: Single Family
Architectural style: 2 Level
Structure: House
Community: 220 - St. Clair/Blakeley
Common interest: Freehold
Living area: 1,383 square feet
Bedrooms: 3 above grade, 0 below grade
Parking: 3 total
Stories: 2
On market: Feb 13, 2026
Status changed: Apr 27, 2026
Annual tax: $4,357
Zoning: D
Photos: 28
MLS#: 40800662
Area: HAMILTON

Features and systems

Parking

Detached Garage

Basement

FinishedFull

Appliances

WasherRefrigeratorStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickAluminum sidingVinyl sidingMetal

Foundation

Block

Lot

In-Law Suite

Negative cash flow ~$687/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.87%

Cap rate

3.49%

GRM

16.7

Break-even rent

$3,723

Financing

Down payment$119,980

Loan amount$479,920

Mortgage$2,432/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$500

CapEx reserve$250

Vacancy loss$150

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,432/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.