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Investment signal

$1,549,000

603 RYMAL Road W

Beds

Baths

Sqft

—

Year

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Location

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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
Structure: House
Community: 168 - Carpenter
Common interest: Freehold
Living area: 1,800 square feet
Bedrooms: 3 above grade, 0 below grade
Parking: 11 total
Stories: 1
On market: Mar 10, 2026
Status changed: Apr 16, 2026
Annual tax: $7,000
Zoning: AA
Photos: 8
MLS#: 40810867
Area: HAMILTON

Features and systems

Parking

Detached Garage

Basement

FinishedFull

Appliances

WasherRefrigeratorStoveDryerHood FanWindow Coverings

Heating

Natural gas

Cooling

Central air conditioning

Exterior

Brick Veneer

Foundation

Block

Community

School Bus

Negative cash flow ~$2,966/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.49%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,872

Financing

Down payment$309,800

Loan amount$1,239,200

Mortgage$7,602/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$710

Insurance$80

Maintenance$1,291

CapEx reserve$645

Vacancy loss$388

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.

Lifestyle 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.

Mortgage estimate

Estimated $7,602/mo at 5.49% with 20% down, 25-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 16, 2026.