600 North Service Road 301, Hamilton

$515,000
600 North Service Road 301

$515,000

New
21d
Condo Apartment1 Storey/Apt

600 North Service Road 301, Hamilton

Total Monthly Obligation $3,124

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
21d
Score
17
Yield
5.3%
Cash on Cash
-7.1%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Condo Apartment
MLS® Number-X13858312
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 2, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$3,909 (2025)
Maintenance-$520.45/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flex
Neighbourhood-Lakeshore
Title-Residential Condo & Other

No agent assigned

Experience lakeside luxury in this stunning "Creek" model, a perfectly designed 869 sq. ft. suite in the sought-after CoMo coastal condominiums. This modern unit has been thoughtfully elevated with premium vinyl plank flooring throughout and a sleek 50" electric fireplace that serves as a sophisticated centerpiece for the open-concept living area. The primary retreat is a standout, offering a spacious wall-to-wall closet with mirrored doors and a private ensuite featuring designer tile work in the glass walk-in shower. Step outside to your private 95 sq. ft. balcony to enjoy the fresh air, or head up to the spectacular rooftop terrace for breathtaking panoramic views of Lake Ontario. Residents enjoy unparalleled building amenities, including a community rooftop garden with dual BBQs, a media room, a stylish party room, and dedicated facilities for pets, including a dog park and pet spa. This move-in-ready home is completed by one secure underground parking space and the rare convenience of a storage locker located on the same floor as the unit. Perfect for those seeking a boutique living experience just steps from the water.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$412,000
Land Transfer Taxes$6,775
Legal Fees (Est.)
$
Total cash required for closing$111,275

Total Monthly Obligation

$3,124/mo
Mortgage $2,077
Monthly Loss $2,577
Principal$547
Interest$1,531
Property Tax$326
Condo Fees$520
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.6%0
5-Year IRR
6.7%17
10-Year IRR
8.2%
Returns Index
9.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$27,372/yr
NOI
$12,080/yr
Net Cash Flow
-$1,071/mo
Cash Margin
-46.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
24.8/ 100

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

Comparables

Properties near 600 North Service Road 301

Time

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