1950 Main Street W 802, Hamilton

$219,900
1950 Main Street W 802

$219,900

New
3d
Condo Apartment1 Storey/Apt

1950 Main Street W 802, Hamilton

Total Monthly Obligation $2,033

Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
3d
Score
18
Yield
8.7%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Condo Apartment
MLS® Number-X14098642
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 20, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$1,989.36 (2026)
Maintenance-$780.68/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-Real Broker Ontario Ltd.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Stucco (Plaster)
Possession-Immediate
Neighbourhood-Ainslie Wood
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and spacious one-bedroom condo offering comfortable, low-maintenance living with beautiful escarpment views. Recently refreshed in bright, neutral tones, the unit features newer luxury vinyl plank flooring throughout and an abundance of natural light. The generous living room opens to a spacious private balcony-the perfect place to relax and enjoy the view. A dedicated dining area sits just off the well-designed galley kitchen, complete with stainless steel appliances, ample counter space and plenty of cabinetry. The spacious bedroom and full four-piece bathroom complete the functional layout. Additional conveniences include an owned underground parking space and storage locker. Set on lush grounds backing onto the Dundas Valley, this location offers convenient access to conservation trails, McMaster University and Hospital, Westdale Village, University Plaza, restaurants, shopping and everyday amenities. HSR transit is available directly outside the building, while nearby Highway 403 and McMaster's GO Bus Terminal make commuting throughout Hamilton and the GTHA easy. Public-school catchments include Cootes Paradise Elementary and Westdale Secondary. An excellent opportunity for first-time buyers, downsizers, professionals or investors-book your private showing today!

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

Closing Costs

Mortgage Amount
$175,920
Land Transfer Taxes$1,924
Legal Fees (Est.)
$
Total cash required for closing$47,404

Total Monthly Obligation

$2,033/mo
Mortgage $887
Monthly Loss $1,800
Principal$233
Interest$654
Property Tax$166
Condo Fees$781
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.2%0
5-Year IRR
4.6%10
10-Year IRR
7.1%
Returns Index
6.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$19,152/yr
NOI
$3,479/yr
Net Cash Flow
-$597/mo
Cash Margin
-37.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.332
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
33.6/ 100

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

Comparables

Properties near 1950 Main Street W 802

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.