$1,549,000
613 RYMAL Road W
Beds
3
Baths
1
Sqft
—
Year
—
About this home
Rare development opportunity for builders and investors. This expansive 1.38-acre property offers approximately 208 ft of frontage and 280 ft of depth, providing excellent potential for mid-rise residential or townhouse development. The property currently includes two fully leased bungalow homes, generating stable rental income while planning future development. Located in a growing area with strong demand, this site presents an exceptional opportunity for builders and developers looking to secure a large parcel with significant upside potential. (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- MLS#
- 40810891
- Area
- HAMILTON
Cash on cash
-11.49%
Cap rate
3.59%
GRM
16.7
Break-even rent
$10,872
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.