LiveMLS X13781190Buy & hold

7 DRAKES DRIVE · Detached rental

Hamilton, ON · Detached rental · 1 unit

$839,000listed

Workable offer

Hamilton market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

7 DRAKES DRIVE is a detached rental in Hamilton, ON, asking $839,000 — $839,000 per door.

That sits above the Hamilton band of $230k - $390k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Hamilton cap rates screen 4.7% - 6.1% against average rent near $2,050 a door.

At 1 unit this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Hamilton can still offer workable small-multifamily economics, especially where transit and rent lift align. Investor demand reads high, vacancy tight.

Asking price: $839,000
Units: 1 unit
Property type: Detached rental
Location: Hamilton, ON
Price per door: $839,000
Hamilton cap band: 4.7% - 6.1%
Hamilton average rent: $2,050

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.