250 Magnolia Drive 57, Hamilton

$425,000
250 Magnolia Drive 57

$425,000

New
37d
Condo Townhouse2-Storey

250 Magnolia Drive 57, Hamilton

Total Monthly Obligation $2,772

Beds
3
Baths
1
Park
1
Sqft
1000-1199
DOM
37d
Score
22
Yield
7.4%
Cash on Cash
0.1%
Cap Rate
4.6%
5Y IRR
15.6%
10Y IRR
14.7%
Property Type-Condo Townhouse
MLS® Number-X13797290
Beds-3
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Sep 16, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,826.68 (2025)
Maintenance-$538.35/mo
Locker-None
Parking-2 - Built-In
Basement-Partial Basement, Partially Finished
Heating-Forced Air (Gas)
Brokerage-M. Marel Real Estate (1983) Inc
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Possession-Flexible
Neighbourhood-Fessenden
Title-Residential Condo & Other

No agent assigned

End-unit condo offering a rare, fully fenced private backyard with rear gate access-ideal for outdoor enjoyment, pets, or added privacy rarely found in condo living. This well-maintained, move-in ready home features a bright and spacious open-concept layout with a generous kitchen, dining area, and inviting living room, making it perfect for everyday living and entertaining. A functional office nook provides a great bonus space for working from home, studying, or organizing daily life. Upstairs, you'll find three well-proportioned bedrooms with ample closet space and a clean, updated 4-piece bathroom. The home offers impressive storage throughout, making it highly practical for families or those needing extra space. The finished basement extends your living area with a cozy rec room, ideal for movie nights, a playroom, or additional lounge space, and includes convenient interior access to the attached single-car garage. Parking is easy with a private driveway space in addition to the garage, plus plenty of visitor parking nearby. Located in a highly desirable and family-friendly community, you're within walking distance to elementary and secondary schools, grocery stores, shopping, public transit, and everyday amenities. Enjoy nearby scenic trails along the ridge for walking, running, or biking. Just minutes to Ancaster Meadowlands, the Lincoln Alexander Parkway (Linc), and Highway 403 for easy commuting. A fantastic opportunity offering space, functionality, and location-excellent value in today's market.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$340,000
Land Transfer Taxes$4,975
Legal Fees (Est.)
$
Total cash required for closing$91,475

Total Monthly Obligation

$2,772/mo
Mortgage $1,714
Monthly Loss $2,320
Principal$451
Interest$1,263
Property Tax$319
Condo Fees$538
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.5%2
5-Year IRR
11.6%47
10-Year IRR
12.1%
Returns Index
24.3/ 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
$31,404/yr
NOI
$15,577/yr
Net Cash Flow
-$416/mo
Cash Margin
-15.9%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
29.8/ 100

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

Comparables

Properties near 250 Magnolia Drive 57

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.