Investment signal

$299,000

84 ST. JOSEPH'S Drive

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Beds

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Baths

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Sqft

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Year

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Type

Vacant Land

Suite

Investment signal

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Location 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.

About this home

Prime Hamilton location! This premium fully serviced residential building lot is ideally situated, surrounded by established multi-unit properties—making it a natural fit for your next residential project. Offering excellent potential for a triplex or fourplex build, the property benefits from favourable zoning provisions that may allow for increased density without the need for minor variances or minimum parking requirements. Enjoy an unbeatable location just steps to St. Joseph’s Hospital, with easy access to public transit, the GO Station, downtown Hamilton, shopping, theatres, trails, and major highways. Well-positioned and competitively priced, this is a rare opportunity to secure a high-potential building lot in a growing urban neighbourhood. (id:65958)

Subtype: Vacant Land
Community: 124 - Durand South
Common interest: Freehold
On market: Apr 20, 2026
Status changed: Apr 20, 2026
Annual tax: $2,458
Zoning: R1A
Photos: 1
MLS#: 40822351
Area: HAMILTON

Features and systems

Basement

None

Utilities

WaterNatural Gas

Positive cash flow ~$477/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

9.58%

Cap rate

6.78%

GRM

10.4

Break-even rent

$1,898

Financing

Down payment$59,800

Loan amount$239,200

Mortgage$1,212/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$137

Insurance$80

Maintenance$249

CapEx reserve$125

Vacancy loss$120

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 $1,212/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 20, 2026.