616 Grey Street 5, Brantford

$290,000
616 Grey Street 5

$290,000

New
14d
Condo Apartment1 Storey/Apt

616 Grey Street 5, Brantford

Total Monthly Obligation $1,962

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
14d
Score
23
Yield
7.4%
Cash on Cash
-0.3%
Cap Rate
4.5%
5Y IRR
15.3%
10Y IRR
14.4%
Property Type-Condo Apartment
MLS® Number-X13883876
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 9, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$1,786.52 (2026)
Maintenance-$443.49/mo
Locker-None
Parking-1 - Surface
Basement-None
Heating-Radiant (Gas)
Brokerage-SUTTON GROUP - SUMMIT REALTY INC.
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-ASAP - Vacant
Title-Residential Condo & Other

No agent assigned

Welcome to this rare opportunity to own a bright, spacious, move-in ready condo at an incredible value-this beautifully updated 1-bedroom unit is perfect for first-time buyers, downsizers, or investors looking to enter the market with confidence. Not your typical unit, this home stands out with a functional layout, freshly painted walls, and a quiet courtyard-facing balcony that offers a more private and relaxed setting. The open kitchen/Dinette seamlessly flows into a bright and spacious living and den with warm broadloom flooring and abundant natural light. The layout feels open yet practical, ideal for both everyday living and entertaining. Step out onto your private balcony overlooking the peaceful courtyard-an inviting space to unwind. The well-sized bedroom provides a comfortable retreat, complemented by an updated bathroom and the added convenience of in-suite laundry. This unit also includes a dedicated parking space, delivering added value and everyday functionality. Condo fees cover heat, water, exterior maintenance, snow removal, and building insurance giving you peace of mind and worry-free living. Ideally located near highway access, public transit, shopping, and recreation, this home combines comfort, convenience, and value. Pets allowed, including dogs 30 lbs or less. Located in a well-maintained building close to shopping, restaurants, and essential amenities, with quick access to Highway 403, this home offers a low-maintenance lifestyle in a growing community-an excellent opportunity you won't want to miss.

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

Closing Costs

Mortgage Amount
$232,000
Land Transfer Taxes$2,825
Legal Fees (Est.)
$
Total cash required for closing$62,325

Total Monthly Obligation

$1,962/mo
Mortgage $1,170
Monthly Loss $1,654
Principal$308
Interest$862
Property Tax$149
Condo Fees$443
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.6%40
10-Year IRR
11.3%
Returns Index
20.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$21,468/yr
NOI
$9,813/yr
Net Cash Flow
-$352/mo
Cash Margin
-19.7%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
4.9 mo82
Risk Index
36.6/ 100

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

Comparables

Properties near 616 Grey Street 5

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.