208-8 Woodman Drive, Hamilton

$335,888
208-8 Woodman Drive

$335,888

New
56d
Condo Apartment1 Storey/Apt

208-8 Woodman Drive, Hamilton

Total Monthly Obligation $2,418

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
56d
Score
18
Yield
6.7%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Condo Apartment
MLS® Number-X13722748
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Aug 28, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$1,899.83 (2026)
Maintenance-$704.79/mo
Locker-Exclusive
Parking-1 - None
Basement-Other
Heating-Radiant (Other)
Brokerage-MICHAEL ST.JEAN REALTY INC.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Corman
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and inviting 1-bedroom condo offering comfortable living with plenty of added value. Enjoy the extra outdoor living space provided by the large balcony-perfect for relaxing, entertaining, or enjoying your morning coffee. The unit features new flooring, an updated bathroom, stainless steel appliances, and a stainless steel backsplash in the kitchen. Convenient laundry facilities are located just outside the unit on the same floor. Condo fees include hydro, heat, water, parking, and basic cable, helping make monthly expenses simple and predictable. Additional highlights include one parking space and a storage locker, along with an updated building security system for added peace of mind. Ideally located close to a wide range of amenities, including the Red Hill Expressway, Eastgate Square, public transit, shopping, restaurants, and more. An excellent opportunity for first-time buyers, downsizers, or investors looking for a well-located and affordable condo.

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

Closing Costs

Mortgage Amount
$268,710
Land Transfer Taxes$3,513
Legal Fees (Est.)
$
Total cash required for closing$72,191

Total Monthly Obligation

$2,418/mo
Mortgage $1,355
Monthly Loss $2,061
Principal$357
Interest$998
Property Tax$158
Condo Fees$705
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.5%16
10-Year IRR
8.2%
Returns Index
9.2/ 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
$7,439/yr
Net Cash Flow
-$735/mo
Cash Margin
-39.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
30.3/ 100

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

Comparables

Properties near 208-8 Woodman Drive

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.