121 King Street E 408, Hamilton

$319,900
121 King Street E 408

$319,900

New
16d
Condo Apartment1 Storey/Apt

121 King Street E 408, Hamilton

Total Monthly Obligation $2,478

HausQ Valuation Report
Beds
2
Baths
1
Park
0
Sqft
700-799
DOM
16d
Score
20
Yield
8.2%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Condo Apartment
MLS® Number-X13872924
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 7, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-0-5
Taxes-$4,874 (2026)
Maintenance-$581/mo
Locker-Owned
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ROUGE RIVER REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-60-90 Days/TBA
Neighbourhood-Beasley
Title-Residential Condo & Other

No agent assigned

Exceptional downtown loft conversion, providing a nice blend of heritage features and modern touches in this beautifully appointed two-bedroom suite at Gore Park Lofts. The carefully restored historic building features exposed brick walls, huge windows and soaring ceilings. Kitchen is finished with quartz countertops, stainless steel appliances, custom cabinets, and peninsula breakfast bar. Built-in microwave and dishwasher are also included. Open-concept layout from kitchen to living area. Juliet balcony with great city/ skyline views. The suite includes in-suite laundry for added convenience plus a secure owned storage locker. Prime downtown location with easy access to scenic walking and biking trails plus key amenities including Hamilton General Hospital; Hamilton GO Centre; Jackson Square shopping mall; TD Coliseum; farmers' markets, independent cafes, top-rated restaurants and much more!

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

Closing Costs

Mortgage Amount
$255,920
Land Transfer Taxes$3,274
Legal Fees (Est.)
$
Total cash required for closing$68,754

Total Monthly Obligation

$2,478/mo
Mortgage $1,290
Monthly Loss $2,138
Principal$340
Interest$951
Property Tax$406
Condo Fees$581
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
9.3%31
10-Year IRR
10.4%
Returns Index
16.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$26,352/yr
NOI
$9,471/yr
Net Cash Flow
-$501/mo
Cash Margin
-22.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
30.7/ 100

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

Comparables

Properties near 121 King Street E 408

Time

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