908 Mohawk Road E 303, Hamilton

$525,000
908 Mohawk Road E 303

$525,000

Price Change
29d
Condo ApartmentApartment

908 Mohawk Road E 303, Hamilton

Total Monthly Obligation $3,367

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
29d
Score
35
Yield
9.3%
Cash on Cash
8.9%
Cap Rate
6.5%
5Y IRR
22.8%
10Y IRR
20.6%
Property Type-Condo Apartment
MLS® Number-X13825032
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$4,375.82 (2026)
Maintenance-$684.71/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP INNOVATIVE REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster)
Possession-90 DAYS OR MORE
Neighbourhood-Lisgar
Title-Residential Condo & Other

No agent assigned

Fully renovated 2-bedroom, 2-bath condominium at Cornerstone Condominiums, offering1,241 sq. ft. of finished living space, underground parking, an exclusive storage locker, and a covered north-facing balcony. The custom Winger's Cabinet kitchen is the centrepiece, with an oversized island, quartz counters, Blanco sink, pantry,soft-close cabinetry, and stainless steel appliances. Luxury vinyl plank flooring runs throughout the carpet-free unit.The open living and dining area is bright and inviting, with California shutters,custom built-in cabinetry, and a walkout to the balcony. The large primary bedroom includes a walk-in closet with custom built-ins and a renovated 3-piece ensuite with shower. The generous second bedroom has custom shelving and works equally well as a bedroom, office, or den. The updated main bathroom is a 4-piece.In-suite laundry, one underground parking space, and locker #303 are included. This well-maintained building offers a party room, fitness room, visitor parking, and accessible common areas. Its Mohawk Road East location is especially convenient,directly beside Shoppers Drug Mart and close to grocery shopping, restaurants,transit, the public library, Mountain Brow trails, and Albion Falls. It is an easy location for getting errands done without having to drive across the city. Condo fees include water, building insurance, building maintenance, common elements, andparking.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$3,367/mo
Mortgage $2,118
Monthly Loss $2,810
Principal$557
Interest$1,560
Property Tax$365
Condo Fees$685
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.5%44
Cash-on-Cash
3.1%15
5-Year IRR
18.4%87
10-Year IRR
17.6%
Returns Index
49.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
35/ 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
$48,816/yr
NOI
$28,942/yr
Net Cash Flow
$294/mo
Cash Margin
7.2%17
Cash Flow Index
17.5/ 100
Risk Profile
Weight: 20%
DSCR
1.1439
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
34.4/ 100

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

Comparables

Properties near 908 Mohawk Road E 303

Time

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