851 QUEENSTON Road 604, Hamilton

$359,900
851 QUEENSTON Road 604

$359,900

New
28d
Condo ApartmentApartment

851 QUEENSTON Road 604, Hamilton

Total Monthly Obligation $2,611

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
900-999
DOM
28d
Score
19
Yield
7.3%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Apartment
MLS® Number-X13831768
Beds-3
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 25, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$1,746.72 (2026)
Maintenance-$813.21/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-None
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-LEX13LE
Neighbourhood-Riverdale
Title-Residential Condo & Other

No agent assigned

AFFORDABLE OWNERSHIP CLOSE TO EVERYTHING INCLUDING EASY HIGHWAY AND GO ACCESS! SHARP 3 BEDROOM, 1 AND A HALF BATHROOM UNIT FACING THE ESCARPMENT WITH QUALITY UPGRADES INCLUDING QUARTZ COUNTERS, FRESHLY PAINTED, UPDATED FLOORING AND NEWER STAINLESS STEEL APPLIANCES! UNIT COMES WITH A LOCKER AND TWO UNDERGROUND PARKING SPACES SIDE BY SIDE! BUILDING HAS TWO THROUGH SOME MAJOR UPGRADES RECENTLY INCLUDING PARKING GARAGE AND FRESH LANDSCAPING! IN SUITE LAUNDRY HOOK UP AVAILABLE! JUST UNDER 1000 SQUARE FEET OFF PLENTY OF ROOM FOR THE UPSTAIRES OR A MULTITUDE OF FAMILY SIZES! ALSO PROVIDES WORK FROM HOME OPPORTUNITIES!

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

Closing Costs

Mortgage Amount
$287,920
Land Transfer Taxes$3,874
Legal Fees (Est.)
$
Total cash required for closing$77,354

Total Monthly Obligation

$2,611/mo
Mortgage $1,452
Monthly Loss $2,228
Principal$382
Interest$1,070
Property Tax$146
Condo Fees$813
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
8.1%24
10-Year IRR
9.5%
Returns Index
13.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$26,148/yr
NOI
$9,628/yr
Net Cash Flow
-$649/mo
Cash Margin
-29.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
29.1/ 100

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

Comparables

Properties near 851 QUEENSTON Road 604

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.