20 East 18th Street, Hamilton, ON
Inch Park, Hamilton · MLS® X12824288
About this home
VALUE-ADD OPPORTUNITY IN DESIRABLE INCH PARK. Cozy 3+2 bedroom bungalow offering approx. 1,074 sq ft on the main level plus a full basement w/ separate side entrance and kitchenette, currently rented to a month-to-month tenant who will be vacating the unit on August 31st. The main floor requires updating (flooring repairs, kitchen refresh, bath repair), making this an ideal flip, BRRR, or live-upstairs and rent-downstairs opportunity. Large eat-in kitchen, living and dining area, & access to a 3-season enclosed sunroom overlooking the fully fenced yard. The backyard features a patio w/ gazebo and a generous-sized storage shed. Dedicated laundry on both the main floor and in the basement adds flexibility for multi-generational living or rental arrangements. Located in sought-after Inch Park on the Hamilton Mountain, close to Concession Street amenities, Juravinski Hospital, schools, parks, public transit, and mountain access. Enjoy nearby walking trails & convenient access to the escarpment stairs; perfect for outdoor enthusiasts. Basement currently provides income support in a high-demand rental area. Invest in location. Add value. Build equity over time. Ideal for: Investors seeking income potential, First-time buyers willing to add sweat equity, Renovators/flippers looking for value-add opportunity. A rare chance to secure an income-producing property in a strong Hamilton Mountain location.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- X12824288
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 40 × 107.5 ft
- Cross streets
- Concession St to East 18th St
- Parking
- 1 parking
- Driveway
- Private
- Basement
- Full, Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,581 / 2025
- Days on market
- 141
- Listing brokerage
- KELLER WILLIAMS COMPLETE REALTY
Rooms
Combined w/Kitchen
3 Pc Bath
4 Pc Bath
Listed at $599,800, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $712K, higher than the comparables and worth a second look. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $599K
- Bedrooms +$90K
- Adjusts to $689K
That comparable adjusts to $689K; the $469K estimate above is the median of all 10 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, this is a very walkable address with everyday errands close by. CONCESSION at BELWOOD is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $469K, median of 10 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing.
- Value driver
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 15% above the area average of $580/sqft.
139 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Inch Park, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: CONCESSION at BELWOOD, about 84 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Hamilton.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $479,840 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,561
- Property tax
- $382
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,942
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,471
- Estimated closing costs
- $8,471
Plus your down payment of $119,960. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $153,636
- Principal paid down
- $61,108
- Interest paid
- $92,529
- Balance remaining
- $418,732
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS COMPLETE REALTY. MLS®/PropTx.