1966 Main Street W 306, Hamilton

$324,900
1966 Main Street W 306

$324,900

New
9d
Condo Apartment1 Storey/Apt

1966 Main Street W 306, Hamilton

Total Monthly Obligation $2,682

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
9d
Score
34
Yield
11.6%
Cash on Cash
10.0%
Cap Rate
6.7%
5Y IRR
23.7%
10Y IRR
21.4%
Property Type-Condo Apartment
MLS® Number-X14032902
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,904 (2026)
Maintenance-$929.27/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete Block
Possession--
Neighbourhood-Ainslie Wood
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 306 at 1966 Main Street West in Hamilton - a spacious and beautifully designed 3-bedroom condo offering the perfect blend of comfort, functionality, and location. This bright unit features a modern open-concept layout that seamlessly connects the living room, dining area, and kitchen, making it ideal for both everyday living and entertaining. The kitchen is equipped with stainless steel appliances, including a dishwasher, and offers exceptional storage with two oversized pantry cupboards. The primary bedroom is a true retreat, complete with a walk-in closet and private ensuite bathroom. Two additional bedrooms provide flexibility for family, guests, or a home office. Step out onto your private balcony and enjoy peaceful views overlooking landscaped gardens and mature trees that surround the building, creating a serene setting. A bonus 4 ft by 9 ft storage room offers even more space, perfect for use as an additional pantry or organized storage area. Conveniently located just minutes from McMaster University and Hospital, with quick access to Highway 403, this condo is ideal for commuters, professionals, or investors. The unit also includes one underground parking space and locker (#17), along with ample visitor parking. A fantastic opportunity to own a spacious condo in a highly sought-after location!

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

Closing Costs

Mortgage Amount
$259,920
Land Transfer Taxes$3,349
Legal Fees (Est.)
$
Total cash required for closing$69,829

Total Monthly Obligation

$2,682/mo
Mortgage $1,311
Monthly Loss $2,337
Principal$345
Interest$966
Property Tax$242
Condo Fees$929
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.4%42
Cash-on-Cash
2.5%13
5-Year IRR
18.3%87
10-Year IRR
17.7%
Returns Index
48.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
34/ 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
$37,692/yr
NOI
$17,468/yr
Net Cash Flow
$145/mo
Cash Margin
4.6%11
Cash Flow Index
11.1/ 100
Risk Profile
Weight: 20%
DSCR
1.1136
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
38.3/ 100

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

Comparables

Properties near 1966 Main Street W 306

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.