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Investment signal

$819,000

128 CATHCART STREET

Save this home

Beds

5

Baths

2

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

LEGAL TWO-FAMILY HOME - SELF-CONTAINED DUPLEX WITH GROUND-LEVEL SEPARATE ENTRANCES TO BOTH UNITS, WITH THE SECOND LEGAL UNIT PROFESSIONALLY ADDED UNDER A CITY-APPROVED BUILDING PERMIT. This custom-built 1997 raised bungalow offers approx. 2,300 sq. ft. of turn-key living space across two fully independent dwellings, each with its own kitchen, laundry, and private entrance, ideal for multi-generational living or strong rental income. The main level features 3 bedrooms, an open-concept living/dining area with soaring 11-ft walnut-stucco ceilings and ornamental chandeliers, and a newly renovated kitchen with quartz countertops, backsplash, white cabinetry, and new 2025 stainless steel appliances, complemented by wide-plank hardwood floors in 2025, upgraded bathrooms, modern lighting 2025, and custom blinds 2025. The bright lower level provides a separate 2-bedroom suite with its own ground-level entrance, offering excellent privacy and flexibility. Additional highlights include an attached garage, updated driveway, legal laneway parking pad, and extra backyard parking for the secondary suite. Located steps from James St. North's vibrant cafés, Bayfront Park, the Art Gallery of Hamilton, Dundurn Castle, and Hess Village, this property delivers exceptional comfort, income potential, and urban convenience in one. (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow
Structure
House
Community
Beasley
Common interest
Freehold
Lot dimensions
30.1 x 120.3 FT
Bedrooms
3 above grade, 2 below grade
Parking
4 total
Stories
1
Fireplace
Yes
On market
Apr 8, 2026
Status changed
Apr 17, 2026
Annual tax
$4,760.88
Photos
37
MLS#
X12969028
Area
HAMILTON_(BEASLEY)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedSeparate entranceN/AN/A

Appliances

WasherRefrigeratorStoveRangeDryerGarage door opener remote(s)Water Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickBrick Facing

Flooring

TileHardwoodLaminate

Foundation

Concrete

Lot

LaneCarpet Free

Community

Community Centre

Utilities

SewerElectricityCable

Security

Smoke Detectors
Negative cash flow ~$904/mo at these assumptions

Cash on cash

-6.62%

Cap rate

3.54%

GRM

16.6

Break-even rent

$5,052

Financing

Down payment$163,800
Loan amount$655,200
Mortgage$3,320/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$375
Insurance$80
Maintenance$683
CapEx reserve$341
Vacancy loss$205

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 $3,320/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 17, 2026.

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