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Investment signal

$565,000

58 EAST 22ND STREET

Save this home

Beds

4

Baths

3 full + 1 half

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

About this home

Gorgeous Bungalow in desirable Eastmount location on the Central Mountain! Complete with brand new fully renovated bachelor suite in Garage! Perfect for extended family, studio space or investors looking for additional rental income. 3 generously sized bedrooms. Recent updates include flooring, countertops & more. Freshly painted and pot lights throughout. Loads of natural sunlight. Stainless steel appliances. Low maintenance yard with large concrete patio for entertaining. Separate entrance in backyard to partially finished basement with bathroom. Show Stopping Brand new bachelor suite/ man cave in garage fully finished with 3piece bath and kitchen! fully insulated with heating and air conditioning plus additional parking. Unbeatable location! Walking distance to schools, hospital, shopping, A+++ location right beside Concession St. A fantastic opportunity in one of Hamilton Mountain's most desirable neighbourhoods! (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Eastmount
Common interest
Freehold
Lot dimensions
25.1 x 120.2 FT
Bedrooms
3 above grade, 1 below grade
Parking
3 total
Stories
1
Fireplace
Yes
On market
Feb 27, 2026
Status changed
Apr 24, 2026
Annual tax
$3,958 (2026)
Zoning
D
Photos
29
MLS#
X12826880
Area
HAMILTON_(EASTMOUNT)

Features and systems

Parking

Detached GarageGarage

Basement

Partially finishedFullSeparate entranceN/AN/A

Appliances

WasherRefrigeratorCentral VacuumStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Vinyl siding

Foundation

Block

Lot

In-Law Suite
Negative cash flow ~$580/mo at these assumptions

Cash on cash

-6.16%

Cap rate

3.63%

GRM

16.2

Break-even rent

$3,511

Financing

Down payment$113,000
Loan amount$452,000
Mortgage$2,290/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$259
Insurance$80
Maintenance$471
CapEx reserve$235
Vacancy loss$145

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 $2,290/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 24, 2026.

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