40 HARRISFORD Street 608, Hamilton

$439,900
40 HARRISFORD Street 608

$439,900

Price Change
62d
Condo ApartmentApartment

40 HARRISFORD Street 608, Hamilton

Total Monthly Obligation $3,112

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
62d
Score
22
Yield
8.3%
Cash on Cash
1.0%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Condo Apartment
MLS® Number-X13704274
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Aug 22, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,924 (2026)
Maintenance-$810.75/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-KELLER WILLIAMS COMPLETE REALTY
Cooling-Window Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete Poured
Roof-Flat
Foundation-Poured Concrete
Possession-60-89 Days
Neighbourhood-Red Hill
Title-Residential Condo & Other

No agent assigned

Discover effortless condo living in this beautifully updated 3-bedroom, 2-bathroom apartment nestled in a well-maintained building in Hamilton's desirable Red Hill neighbourhood. This spacious unit offers a modern, airy feel thanks to new neutral flooring and fresh paint throughout (2023). The standout kitchen is sure to impress, freshly done (2023) featuring crisp white cabinetry, sleek quartz countertops, and brand new stainless steel appliances perfect for daily living and entertaining alike. Enjoy generous principal rooms filled with tons of natural light with this southern/western exposure unit with incredible escarpment views. It features a large open-concept living and dining area that seamlessly extends to your private balcony, ideal for morning coffee or evening relaxation. The primary suite offers an ensuite bath, while two additional bedrooms provide flexible options for guests, a home office, or family needs. Residents of this well-managed building enjoy a host of amenities, including an indoor pool, tennis/pickleball court, exercise room, sauna, party room, and more all within close proximity to Red Hill Valley trails, schools, shopping, and easy highway access. This move-in ready condo combines modern updates with a spacious layout in a prime Hamilton location. Don't miss your chance to call it home!

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$
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$351,920
Land Transfer Taxes$5,273
Legal Fees (Est.)
$
Total cash required for closing$94,753

Total Monthly Obligation

$3,112/mo
Mortgage $1,774
Monthly Loss $2,645
Principal$467
Interest$1,307
Property Tax$327
Condo Fees$811
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
12.2%52
10-Year IRR
12.6%
Returns Index
26.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$36,468/yr
NOI
$16,768/yr
Net Cash Flow
-$377/mo
Cash Margin
-12.4%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
27.7/ 100

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

Comparables

Properties near 40 HARRISFORD Street 608

Time

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