495 Highway 8 506, Hamilton

$370,000
495 Highway 8 506

$370,000

New
15d
Condo ApartmentApartment

495 Highway 8 506, Hamilton

Total Monthly Obligation $2,916

Bed+Den
3+1
Baths
2
Park
1
Sqft
1000-1199
DOM
15d
Score
33
Yield
11.0%
Cash on Cash
9.3%
Cap Rate
6.6%
5Y IRR
23.0%
10Y IRR
20.8%
Property Type-Condo Apartment
MLS® Number-X13881008
Bed+Den-3+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,600 (2025)
Maintenance-$1,006.39/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-HOMELIFE/ROMANO REALTY LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster)
Possession-Immediate
Neighbourhood-Stoney Creek
Title-Residential Condo & Other

No agent assigned

Welcome To The Renaissance Building In The Heart Of Stoney Creek Located At 495 Highway 8 Apartment 506 Faces Lake Ontario And Features 1185 Sq.Ft Of Spacious Living Area, 2 Bedrooms plus a Sunroom and 2 Bathrooms. The Primary Bedroom provides Double Closet space, 5 Piece ensuite With Both A Jacuzzi And A Separate Stand Up Shower. For ease of use A Modern Chrome Handle Turn Dial Faucet in The Primary Ensuite Shower And Second Bathroom bathtub has been installed. New Brand Name Appliances In Graphite Grey Include Samsung Refrigerator, LG Dishwasher, GE Clothes Washer And GE Clothes Dryer.Warranty Forms For New Appliances Will Be Left For New Owner. Ready For Your Personal Touch. A Perfect Place To Call Home where Maintenance Fees Include All Utilities. Unit 506 also includes 1 Parking Space Close To Elevator and 1 Locker Unit for extra storage. Building Amenities Include Party Room, Game Room, Library, Sauna, Pool Table, And Gym. Close To Schools, Shopping, Parks, And Arenas And Conveniently Located Directly On A Transit Bus Line.**EXTRAS** New Samsung Refrigerator, L G Dishwasher, G E Clothes Washer And G E Clothes Dryer.Carpet will be steam cleaned on or prior to closing date.

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

Closing Costs

Mortgage Amount
$296,000
Land Transfer Taxes$4,025
Legal Fees (Est.)
$
Total cash required for closing$79,525

Total Monthly Obligation

$2,916/mo
Mortgage $1,492
Monthly Loss $2,523
Principal$393
Interest$1,100
Property Tax$217
Condo Fees$1,006
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.3%42
Cash-on-Cash
2.2%12
5-Year IRR
18.0%86
10-Year IRR
17.4%
Returns Index
47.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
33/ 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
$40,824/yr
NOI
$19,665/yr
Net Cash Flow
$146/mo
Cash Margin
4.3%11
Cash Flow Index
10.5/ 100
Risk Profile
Weight: 20%
DSCR
1.1035
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
36.1/ 100

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

Comparables

Properties near 495 Highway 8 506

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.