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Investment signal

$599,000

260 PROSPECT STREET S

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

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

About this home

Excellent investment opportunity in a prime Hamilton Mountain location! This well-maintained duplex at 260 Prospect Ave South offers strong income potential with two self-contained units and additional space to grow. The property features a detached barn/garage with parking for 2cars, currently rented for additional income, making this a rare find with multiple revenue streams. The walkout basement provides exciting potential for additional living or rental space, ideal for investors or buyers looking to offset their mortgage. Conveniently located close to transit, schools, shopping, and easy mountain access. A versatile property packed with opportunity! (id:65958)

Subtype: Single Family
Structure: House
Community: Blakeley
Common interest: Freehold
Lot dimensions: 50 x 100 FT
Bedrooms: 3 above grade
Parking: 5 total
Stories: 2
On market: Feb 18, 2026
Status changed: Apr 27, 2026
Annual tax: $3,922
Zoning: D
Photos: 28
MLS#: X12797584
Area: HAMILTON_(BLAKELEY)

Features and systems

Parking

Detached GarageGarage

Basement

Walk-upN/A

Appliances

DryerTwo stovesTwo WashersTwo Refrigerators

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

AsbestosBrick

Foundation

Block

Lot

In-Law Suite

Security

Smoke Detectors

Negative cash flow ~$681/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

-6.82%

Cap rate

3.50%

GRM

16.6

Break-even rent

$3,717

Financing

Down payment$119,800

Loan amount$479,200

Mortgage$2,428/mo

Operating expenses (monthly)

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

Insurance$80

Maintenance$499

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 $2,428/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.