HN
4 Colgate Court, Hamilton, ON L9C 6Z6, Hamilton, ON
+19 photos
$799,999

4 Colgate Court, Hamilton, ON L9C 6Z6, Hamilton, ON

Hamilton, ON L9C 6Z6
5 beds 2 baths Detached

About this home

Welcome to 4 Colgate Court, a beautifully updated home tucked away on a quiet court in a highly desirable Hamilton neighbourhood. Featuring a fully self contained in-law suite with two separate apartments, this property offers an incredible opportunity for both investors and homeowners looking to offset their mortgage with rental income. Recently renovated with modern finishes throughout, both units showcase stylish upgrades including luxury vinyl flooring, pot lights, and updated appliances. With previous rental income of $2,500 for the main floor and $1,800 for the lower level, this is a turnkey income generating property ready to perform. The exterior is just as impressive, offering a new fence, a garage, and parking for up to four vehicles in the driveway, perfect for multi family living or tenants. The home is ideally situated close to parks featuring a splash pad, playground, and baseball diamonds, making it a great option for families. Enjoy the convenience of nearby schools, shops, and public transit all within walking distance, along with easy access to two recreation centres including Westmount. Nature lovers will appreciate the nearby escarpment stairs and Bruce Trail access, while commuters benefit from quick highway connectivity. Whether you're looking to invest, accommodate multi-generational living, live in one unit and rent the other, or expand your portfolio, this is a rare opportunity in a prime location.

Property Score

67/ 100
Overall Property Score
good

A blend of both buyer and investor metrics.

Score breakdown
Walkability
65/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
70/100great
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
105% of city avggood
Priced above Hamilton's average of $765,000.
Appreciation Trend
+1.8%/yrgreat
Hamilton has seen +1.8% YoY price change.
Monthly Cash Flow
-$777/mopoor
Estimated -$777/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
4.45%great
Net operating income divided by purchase price.
Basement Suite Potential
+$1,440/moexcellent
Existing/legal suite estimated at $1,440/mo additional income.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13092568
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.