386 Highland Road W 23, Hamilton

$579,000
386 Highland Road W 23

$579,000

New
4d
Condo Townhouse2-Storey

386 Highland Road W 23, Hamilton

Total Monthly Obligation $3,210

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
4d
Score
20
Yield
5.6%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Condo Townhouse
MLS® Number-X14093222
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$3,361 (2026)
Maintenance-$394/mo
Locker-None
Parking-2 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-MODERN SOLUTION REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-TBA
Neighbourhood-Stoney Creek
Title-Residential Condo & Other

No agent assigned

Beautifully Renovated Townhouse - Move In Ready!! Welcome to this stunning townhouse totally renovated from top to bottom! Featuring modern finishes, stylish upgrades, and a fresh contemporary look throughout, this home is ready for you to move in and enjoy. Every detail has been thoughtfully updated to offer comfort, style, and functionality. A fantastic opportunity for buyers looking for move in ready without the renovations. All seven appliances including microwave are brand new and under manufacturers warranty, furnace is new and hot water heater is also new. Some rooms have been virtually staged.

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

Closing Costs

Mortgage Amount
$463,200
Land Transfer Taxes$8,055
Legal Fees (Est.)
$
Total cash required for closing$125,355

Total Monthly Obligation

$3,210/mo
Mortgage $2,336
Monthly Loss $2,595
Principal$615
Interest$1,721
Property Tax$280
Condo Fees$394
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
9.9%35
10-Year IRR
10.6%
Returns Index
18.6/ 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
$32,664/yr
NOI
$18,909/yr
Net Cash Flow
-$760/mo
Cash Margin
-27.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.7/ 100

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

Comparables

Properties near 386 Highland Road W 23

Time

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Data last updated within the past 24 hours.