2605 Binbrook Road 316, Hamilton

$379,900
2605 Binbrook Road 316

$379,900

New
23d
Condo Apartment1 Storey/Apt

2605 Binbrook Road 316, Hamilton

Total Monthly Obligation $2,439

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
23d
Score
21
Yield
6.8%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Condo Apartment
MLS® Number-X13845256
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Sep 30, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,843.52 (2026)
Maintenance-$469.73/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-MICHAEL ST.JEAN REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stone
Roof-Asphalt Rolled
Foundation-Poured Concrete
Possession-TBD
Neighbourhood-Binbrook
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully designed 1-bedroom, 1-bathroom condo in the heart of Binbrook! Built in 2021, this spacious 686 sq. ft. third-floor unit offers a bright, modern layout with thoughtful separation between the entry and kitchen - unlike most units, you don't walk directly into the kitchen when you enter. In fact, there are only two units in the building with this unique layout! The open-concept living and dining area flows seamlessly into a stylish kitchen featuring stone countertops, creating the perfect setting for everyday living or entertaining. Step outside to enjoy the extended balcony, offering even more outdoor living space and a great spot to relax. Modern, spacious and move-in ready, with the added appeal of a newer building and a layout that truly stands apart. Located in desirable Binbrook, close to shops, restaurants, parks, schools and everyday amenities. A fantastic opportunity for first-time buyers, downsizers or investors!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$303,920
Land Transfer Taxes$4,174
Legal Fees (Est.)
$
Total cash required for closing$81,654

Total Monthly Obligation

$2,439/mo
Mortgage $1,532
Monthly Loss $2,036
Principal$403
Interest$1,129
Property Tax$237
Condo Fees$470
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
10.1%36
10-Year IRR
10.9%
Returns Index
19.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$25,884/yr
NOI
$12,415/yr
Net Cash Flow
-$498/mo
Cash Margin
-23.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo68
Risk Index
31.7/ 100

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

Comparables

Properties near 2605 Binbrook Road 316

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.