8 WOODMAN Drive S 805, Hamilton

$339,000
8 WOODMAN Drive S 805

$339,000

New
116d
Condo Apartment1 Storey/Apt

8 WOODMAN Drive S 805, Hamilton

Total Monthly Obligation $2,440

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
116d
Score
18
Yield
6.6%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Condo Apartment
MLS® Number-X13503148
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Jun 29, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-51-99
Taxes-$2,008.83 (2026)
Maintenance-$704.79/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Radiant (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Rolled
Foundation-Poured Concrete
Possession-90+ DAYS
Neighbourhood-Corman
Title-Residential Condo & Other

No agent assigned

Stop Renting, Start Owning: Your Dream Condo Awaits! Meticulously renovated, modern condo with breathtaking views, all for less than what you're currently paying in rent! This isn't a pipe dream; it's a reality waiting for you in this stunning Hamilton gem. Captivating open concept design, flooded by natural light with 9 foot ceilings exclusive to the penthouse level. The heart of this condo is its custom kitchen, featuring, gleaming granite countertops on a spacious breakfast island, & a stylish ceramic backsplash. Cooking & entertaining will be a joy with the convenience of LED pot lights & a double sink. Luxury abounds with all-new 5/8ths flooring, newer baseboards, trim, doors, & casements. Storage is no longer an issue with custom closets, with a generous 19 ft closet in the front entrance & an expansive his-and-hers 8-ft closet in the master bedroom. The modern 4-pc bath boasts elegant ceramic tile, providing a spa-like experience. Step out onto the 23' x 4' balcony & soak in the amazing panoramic views of Hamilton & the Bay overlooking a canopy of trees. Enjoy your morning coffee or evening cocktails while taking in the stunning scenery. Conveniences are Just minutes to QEW, transit, shopping, specialty shops & grocery stores, premium parking spot right in front of the building makes coming and going a breeze. This condo is truly rare, considering the Hydro, Heat, Water, Parking & basic cable are included in the $704 condo fees! Say goodbye to those surprise bills & hello to predictable monthly expenses. But here's the best part: the seller may consider a Vendor Take Back (VTB) mortgage with a minimum $100,000 down payment, making ownership even more accessible. For the right first-time buyer with an excellent credit score and job stability, this could be the perfect opportunity to finally enter the real estate market. Don't miss this opportunity! Stop throwing your money away on rent and invest in your future.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$271,200
Land Transfer Taxes$3,560
Legal Fees (Est.)
$
Total cash required for closing$72,860

Total Monthly Obligation

$2,440/mo
Mortgage $1,367
Monthly Loss $2,080
Principal$360
Interest$1,008
Property Tax$167
Condo Fees$705
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.5%0
5-Year IRR
6.3%15
10-Year IRR
8.1%
Returns Index
8.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$22,440/yr
NOI
$7,330/yr
Net Cash Flow
-$757/mo
Cash Margin
-40.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo68
Risk Index
30.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 8 WOODMAN Drive S 805

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.