357 Hunter Street W 13, Hamilton

$585,000
357 Hunter Street W 13

$585,000

New
4d
Condo Apartment1 Storey/Apt

357 Hunter Street W 13, Hamilton

Total Monthly Obligation $3,667

Beds
1
Baths
1
Park
1
Sqft
1000-1199
DOM
4d
Score
16
Yield
5.0%
Cash on Cash
-9.6%
Cap Rate
2.5%
5Y IRR
8.0%
10Y IRR
8.7%
Property Type-Condo Apartment
MLS® Number-X14093848
Beds-1
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Oct 19, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-16-30
Taxes-$4,842 (2026)
Maintenance-$703.95/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Living Room, Natural Gas
Pool-None
Exterior-Brick
Roof-Flat
Possession-Flexible/ TBD
Neighbourhood-Kirkendall
Title-Residential Condo & Other

No agent assigned

HISTORIC SOUL meets URBAN COOL! Loft condo in the heart of the trendy neighbourhood of Kirkendall, offers lifestyle and nostalgia at its best! Originally a historic Hamilton school house of the early 1900's, this building has been converted to a boutique residential 3-storey building with a total of 18 units only. Boasting over 1160 square feet of living space with a generous-sized primary bedroom, a 4-piece bath, and an upscale open-concept kitchen, living and dining room, this unit also features 12' ceilings, exposed brick, rustic beams and ductwork, and a gas fireplace. You will love the airy feel and design throughout, yet will appreciate being nestled in all the small comforts of carefree living, providing you with more time to relax or entertain your friends. The over-sized windows provide an abundance of natural light and compliment the warm interior tones of the unit. Enjoy the rooftop patio as a fabulous perk, especially in the summer and fall when the stunning views of the City and Niagara Escarpment are at its prime. Fresh decor throughout with nice improvements provide a move in ready opportunity and early possession available. This cool west facing Garden Suite includes one owned parking space and visitor parking and fantastic sunset views. Steps away from the trendiest shops, eateries, and cafes on vibrant Locke Street. GO and bus routes to McMaster University plus easy access to the 403 and transit routes. Charming and sophisticated in every way....A rare opportunity to own a true urban loft in one of Hamilton's most sought-after neighbourhoods!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$468,000
Land Transfer Taxes$8,175
Legal Fees (Est.)
$
Total cash required for closing$126,675

Total Monthly Obligation

$3,667/mo
Mortgage $2,360
Monthly Loss $3,046
Principal$621
Interest$1,739
Property Tax$404
Condo Fees$704
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.9%0
5-Year IRR
5.0%11
10-Year IRR
6.9%
Returns Index
6.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$29,496/yr
NOI
$10,857/yr
Net Cash Flow
-$1,455/mo
Cash Margin
-59.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
21.4/ 100

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

Comparables

Properties near 357 Hunter Street W 13

Time

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