301 Frances Avenue 709, Hamilton

$445,000
301 Frances Avenue 709

$445,000

New
21d
Condo ApartmentApartment

301 Frances Avenue 709, Hamilton

Total Monthly Obligation $3,466

HausQ Valuation Report
Bed+Den
3+1
Baths
2
Park
1
Sqft
1000-1199
DOM
21d
Score
19
Yield
8.3%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Condo Apartment
MLS® Number-X13854174
Bed+Den-3+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,052.58 (2026)
Maintenance-$1,217.01/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-Trafalgar Real Estate Services Inc., Brokerage
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-Immediate
Neighbourhood-Lakeshore
Title-Residential Condo & Other

No agent assigned

New listing with aggressive new pricing designed to grab eyeballs! Pride of ownership in this spacious 2 bedroom plus den suite with serene lake views from the moment you step through the front door as well as from every room. Approximately 1130 s.f., generous size living room opening to bright updated eat-in kitchen with ample counter and cupboard space, six appliances, breakfast/dining room area, cozy den with new carpet, freshly painted through-out in warm neutral tones. Living room opens to a private covered balcony via sliding glass doors, perfect for relaxing & taking in waterfront views and the sunrise. Good sized master bedroom includes a 2-piece ensuite with sizeable walk-in closet, 4-piece main bathroom, supplementary in-suite storage space. Perfect for down-sizing or small family. Condo fee covers basically everything - Heat, Hydro, Air Conditioning, Water, Cable TV! Building amenities include outdoor pool, gym, sauna, party room, library & car wash bay. Ideally located close to major highways with quick access to everyday essentials, shopping, dining & more, all while enjoying peaceful lakefront living in the heart of the city. One underground parking & storage locker included.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$356,000
Land Transfer Taxes$5,375
Legal Fees (Est.)
$
Total cash required for closing$95,875

Total Monthly Obligation

$3,466/mo
Mortgage $1,795
Monthly Loss $2,994
Principal$472
Interest$1,323
Property Tax$254
Condo Fees$1,217
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
9.4%31
10-Year IRR
10.5%
Returns Index
16.5/ 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
$37,080/yr
NOI
$13,315/yr
Net Cash Flow
-$685/mo
Cash Margin
-22.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
23.6/ 100

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

Comparables

Properties near 301 Frances Avenue 709

Time

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