484 Millen Road 7, Hamilton

$899,000
484 Millen Road 7

$899,000

New
3d
Condo TownhouseBungalow

484 Millen Road 7, Hamilton

Total Monthly Obligation $5,013

Bed+Den
4+2
Baths
3
Park
1
Sqft
1400-1599
DOM
3d
Score
15
Yield
3.7%
Cash on Cash
-12.3%
Cap Rate
1.9%
5Y IRR
6.0%
10Y IRR
7.2%
Property Type-Condo Townhouse
MLS® Number-X14099386
Bed+Den-4+2
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Condo Townhouse
Taxes-$6,480 (2026)
Maintenance-$647/mo
Locker-None
Parking-2 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-M. Marel Real Estate (1983) Inc
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Stucco (Plaster)
Possession-Flexible
Neighbourhood-Lakeshore
Title-Residential Condo & Other

No agent assigned

What if downsizing actually gave you more? More time, more freedom and a whole lot more lake. Welcome to Bal Harbour, Stoney Creek'sprestigious waterfront condominium community, where this 1,550 sq.ft. ground-floor residence makes everyday living easy and puts LakeOntario front and centre. Here, the lake follows you from room to room. The primary bedroom, kitchen and living/dining room all capturestunning, unobstructed views across Lake Ontario, an ever-changing backdrop from morning to night and season to season. Sliding doors fromboth the primary and living area lead to your private ground-floor patio, bringing those views even closer and giving you the perfect spot to sitoutside and take it all in. Directly in front of the unit is Bal Harbour's recently reconstructed multi-million-dollar breakwall and private sandybeach. Launch a kayak right from the beach, take a swim or connect to the waterfront trail next door for a walk or bike ride. Exceptionally cleanand move-in ready, the kitchen features quality wood cabinetry and newer high-end KitchenAid appliances, while fresh carpet updates the livingarea. The primary bedroom has a walk-in closet and ensuite, with a generous 2nd bedroom, additional 4-piece bathroom and main-floor laundrycompleting the level. The fully finished basement adds plenty of bonus space with a large rec room and another bathroom. An attached singlegarage, private driveway and additional designated parking space directly across from the unit take care of the cars. Heading south for thewinter? Lock the door and go. Staying home? You have one of the best seats on the lake waiting for you. Less maintenance, more freedom and awaterfront lifestyle that makes downsizing feel a whole lot more like upgrading.

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

Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$5,013/mo
Mortgage $3,626
Monthly Loss $4,059
Principal$954
Interest$2,672
Property Tax$540
Condo Fees$647
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.5%9
Cash-on-Cash
-15.6%0
5-Year IRR
3.5%7
10-Year IRR
5.7%
Returns Index
4.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$13,315/yr
Net Cash Flow
-$2,517/mo
Cash Margin
-90.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.312
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
16.8/ 100

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

Comparables

Properties near 484 Millen Road 7

Time

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Data last updated within the past 24 hours.