397 King Street W 214, Hamilton

$1,699,000
397 King Street W 214

$1,699,000

New
7d
Common Element CondoLoft

397 King Street W 214, Hamilton

Total Monthly Obligation $9,367

Beds
2
Baths
2
Park
2
Sqft
2500-2749
DOM
7d
Score
13
Yield
2.3%
Cash on Cash
-18.7%
Cap Rate
0.6%
5Y IRR
1.1%
10Y IRR
3.6%
Property Type-Common Element Condo
MLS® Number-X14088274
Beds-2
Bathrooms-2
Size-2500-2749 sqft
Listed on site-Oct 16, 2026
Style-Loft
Building Type-Common Element Condo
Age-16-30
Taxes-$11,976.72 (2026)
Maintenance-$1,315.8/mo
Locker-Exclusive
Parking-2 - Detached
Basement-None
Heating-Water (Other)
Brokerage-Royal LePage State Realty
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-Electric, Natural Gas
Pool-None
Exterior-Brick, Stone
Roof-Flat
Foundation-Concrete, Concrete Block
Possession-Flexible
Neighbourhood-Dundas
Title-Residential Condo & Other

No agent assigned

Extraordinary architecture. Remarkable space. A piece of Dundas history to call your own.Welcome to #214 at the coveted Dundas District Lofts, where the character of a former school meets the comfort and sophistication of an exceptional home. Spanning approximately 2,501 square feet, this two-bedroom, two-bathroom residence makes an unforgettable impression with soaring 16-foot ceilings, an expansive open-concept layout and beautifully defined spaces for entertaining and everyday living.European cabinetry, granite countertops and stainless steel appliances bring timeless appeal to the kitchen, while three fireplaces add warmth and atmosphere throughout. A dedicated media/games room offers space to unwind, gather or indulge your favourite pastimes. The primary bedroom features an impressive 100-square-foot walk-in closet, and the open balcony provides a welcoming place to enjoy the outdoors. Geothermal heating with in-floor radiant warmth, air conditioning installed in September 2026 and a storage locker complete the offering.Originally built in 1929 as Dundas District High School and converted in 2013, this distinctive 44-suite building preserves a dramatic Gothic façade with gargoyles, pinnacles, stained-glass windows and a clock tower. Residents enjoy an exercise room and rooftop terrace with a community barbecue, outdoor kitchen and garden spaces.Set at the foot of Dundas Peak beside Fisher's Mill and Witherspoon Parks, with downtown shops, cafés and restaurants a short walk away. Trails, waterfalls, conservation lands and the Stanley Thompson designed golf course are all close by, with convenient access to McMaster University, McMaster Hospital and Highway 403.A rare opportunity to live beautifully within one of Dundas' most remarkable landmarks. Truly a must see!!!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,359,200
Land Transfer Taxes$30,455
Legal Fees (Est.)
$
Total cash required for closing$371,755

Total Monthly Obligation

$9,367/mo
Mortgage $6,853
Monthly Loss $7,564
Principal$1,803
Interest$5,050
Property Tax$998
Condo Fees$1,316
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.3%5
Cash-on-Cash
-21.2%0
5-Year IRR
-0.7%2
10-Year IRR
2.7%
Returns Index
2.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 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
$39,000/yr
NOI
$4,934/yr
Net Cash Flow
-$6,442/mo
Cash Margin
-198.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.061
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo17
Risk Index
12.1/ 100

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

Comparables

Properties near 397 King Street W 214

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