1950 Main Street W 705, Hamilton

$299,000
1950 Main Street W 705

$299,000

New
22d
Condo ApartmentApartment

1950 Main Street W 705, Hamilton

Total Monthly Obligation $2,517

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
22d
Score
21
Yield
9.5%
Cash on Cash
-0.1%
Cap Rate
4.6%
5Y IRR
15.5%
10Y IRR
14.6%
Property Type-Condo Apartment
MLS® Number-X13848086
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$2,148.98 (2026)
Maintenance-$932/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-KELLER WILLIAMS COMPLETE REALTY
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Stucco (Plaster)
Roof-Flat
Foundation-Concrete
Possession-immediate
Neighbourhood-Ainslie Wood
Title-Residential Condo & Other

No agent assigned

Welcome to easy, low-maintenance living in this beautifully updated and freshly painted 2-bedroom condo in Hamilton's desirable Ainslie Wood neighbourhood. Bright and inviting, this spacious seventh-floor unit features an open living and dining area with a walkout to a private balcony and peaceful views. The stylish kitchen offers quartz countertops, a trendy glass backsplash, stainless steel appliances and ample cabinetry. The renovated bathroom features a relaxing soaker tub, modern ceramic tile and a classic vanity. Two generously sized bedrooms and plenty of closet space provide comfortable, practical living. Enjoy simple and predictable monthly expenses with all-inclusive condo fees covering heat, hydro, water, parking and common elements. This carpet-free unit also includes an underground parking space and storage locker in a secure, professionally managed building. Ideally located minutes from McMaster University, transit, shopping, restaurants, parks, trails, Westdale, Dundas and Ancaster. Move in and enjoy!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$239,200
Land Transfer Taxes$2,960
Legal Fees (Est.)
$
Total cash required for closing$64,260

Total Monthly Obligation

$2,517/mo
Mortgage $1,206
Monthly Loss $2,200
Principal$317
Interest$889
Property Tax$179
Condo Fees$932
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.2%1
5-Year IRR
10.6%40
10-Year IRR
11.6%
Returns Index
20.5/ 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
$28,428/yr
NOI
$9,852/yr
Net Cash Flow
-$385/mo
Cash Margin
-16.3%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
31.0/ 100

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

Comparables

Properties near 1950 Main Street W 705

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.