484 Millen Road 15, Hamilton

$999,000
484 Millen Road 15

$999,000

New
3d
Condo TownhouseBungalow

484 Millen Road 15, Hamilton

Total Monthly Obligation $5,412

Beds
2
Baths
3
Park
2
Sqft
1400-1599
DOM
3d
Score
14
Yield
3.3%
Cash on Cash
-13.2%
Cap Rate
1.8%
5Y IRR
5.3%
10Y IRR
6.7%
Property Type-Condo Townhouse
MLS® Number-X14097592
Beds-2
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-16-30
Taxes-$6,424.8 (2026)
Maintenance-$647/mo
Locker-None
Parking-3 - Attached
Basement-Finished, Full
Heating-Forced Air (Electric)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession--
Neighbourhood-Stoney Creek
Title-Residential Condo & Other

No agent assigned

Welcome to prestigious Bal Harbour Estates, where luxury waterfront living meets effortless everyday comfort. This extensively renovated bungalow style end unit condo townhouse offers over 2,300 sq. ft. of beautifully finished living space, showcasing exceptional craftsmanship and premium finishes throughout. Completely transformed from top to bottom, this turnkey residence features a stunning designer kitchen, elegant bathrooms, premium flooring, upgraded lighting, and high end finishes at every turn. The bright, open concept main level is thoughtfully designed to capture breathtaking views of Lake Ontario, featuring a walk out that seamlessly blends indoor and outdoor living while framing the Toronto skyline in the distance. Step outside to the newly installed concrete pad, the perfect place to unwind, entertain, or simply relax while taking in the ever changing waterfront scenery. Premium European engineered motorized blinds provide effortless light control and privacy without compromising the spectacular views. The finished lower level offers exceptional additional living space, ideal for a recreation room, home office, gym, or guest retreat. As a desirable end unit, the home is flooded with natural light and offers added privacy, along with the rare convenience of three parking spaces, including an attached garage, private driveway, and an exclusive parking space located directly in front of the home, plus ample visitor parking for family and guests. Enjoy direct access to the waterfront trail and private beach, while being just minutes from Fifty Point Marina, shopping, dining, and convenient QEW access. Perfect for professionals, commuters, retirees, and boating enthusiasts seeking a maintenance free waterfront lifestyle. The recently fortified shoreline provides long-term peace of mind, allowing you to simply relax and enjoy one of Stoney Creek's most sought after lakefront communities. Luxury. Location. Lifestyle. Welcome home.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$799,200
Land Transfer Taxes$16,455
Legal Fees (Est.)
$
Total cash required for closing$217,755

Total Monthly Obligation

$5,412/mo
Mortgage $4,030
Monthly Loss $4,352
Principal$1,060
Interest$2,969
Property Tax$535
Condo Fees$647
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.3%9
Cash-on-Cash
-16.3%0
5-Year IRR
3.0%6
10-Year IRR
5.3%
Returns Index
4.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$33,288/yr
NOI
$13,370/yr
Net Cash Flow
-$2,915/mo
Cash Margin
-105.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.282
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
16.0/ 100

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

Comparables

Properties near 484 Millen Road 15

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.