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Investment signal

$3,350,000

515 HAMILTON DRIVE

Save this home

Beds

8

Baths

5

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 (Ancaster). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

This one of a kind indescribable multi-family just shy of an acre in the heart of Ancaster home is something you've got to see to believe!! A total of 8 bedrooms, 6 bathrooms, 3 kitchens, 3 laundry and enough parking for 10+ cars. Phenomenally upgraded 4 bedroom, 3 bathroom Bungalow has an additional 2 bedroom fully self-sufficient in-law suite with a separate entrance. The Guest House has 2 bedrooms, kitchen, laundry and a fully accessorized garage with an operating car lift. The property has room for growth with roughed in electrical and plumbing with outdoor shower for a pool. Your outdoor oasis off the primary bedroom boasts a hot tub on the secluded expansive deck for relaxed filled evenings. No need to escape to a cottage for calm and tranquility as it's all out your garden back doors. Incredible Muskoka tree rich backyard. This property really has to be seen to understand the calm, class and comfort that is seeped through it. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Ancaster
Common interest
Freehold
Lot dimensions
176.4 x 227.4 FT
Bedrooms
8 above grade
Parking
16 total
Stories
1
Fireplace
5
On market
Mar 28, 2026
Status changed
Apr 27, 2026
Annual tax
$11,888.33 (2025)
Zoning
R1
Photos
50
MLS#
X12932382
Area
HAMILTON_(ANCASTER)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedWalk outN/A

Appliances

AllWater meterCentral VacuumOven - Built-InFurnitureWindow CoveringsGarage door opener remote(s)

Heating

Forced airNatural gas

Cooling

Central air conditioningVentilation system

Exterior

BrickStone

Flooring

HardwoodCeramic

Foundation

Poured Concrete

Lot

HillsideWooded areaGuest SuiteIn-Law Suite

Community

Community Centre

Utilities

SewerElectricityCable

Security

Smoke Detectors
Negative cash flow ~$3,470/mo at these assumptions

Cash on cash

-6.21%

Cap rate

3.62%

GRM

16.7

Break-even rent

$20,402

Financing

Down payment$670,000
Loan amount$2,680,000
Mortgage$13,579/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,535
Insurance$80
Maintenance$2,792
CapEx reserve$1,396
Vacancy loss$838

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 $13,579/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.

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