603- 222 Jackson Street, Hamilton
Hamilton
$359,900
Cash flow, cap rate & mortgage breakdown
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Listed by M. Marel Real Estate (1983) Inc
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
177
Price Drop
10%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Beautifully renovated 2 bedroom + den condominium located in The Village Hill Condominiums in Hamilton's desirable Durand neighbourhood. This spacious suite offers a functional layout with a westerly exposure, allowing for abundant natural light and sunset views from the private balcony. Completed in December 2025, the unit features a brand new IKEA kitchen with new appliances, updated bathrooms, vinyl, plank flooring, balcony decking, and fresh paint throughout, offering a turnkey opportunity for buyers.The primary bedroom includes a 3-piece ensuite, while the den provides flexible space ideal for a home office or guest area. Enjoy the convenience of in-suite laundry with a Maytag stacked washer (2023) and dryer (2022). One underground parking space (P2 level) is included, along with visitor parking.Condo fees include water, central heat & air conditioning, parking, and building insurance. The well-maintained building offers excellent amenities including an exercise room, sauna, and party/meeting room located on the penthouse level with stunning Lakeview's . Ideally situated within walking distance to Locke Street and Hess Village, close to beautiful restaurants, cafés, shopping, the Hamilton Farmers' Market, theatres, and galleries, with easy access to the GO Station, the new TD Colosseum and easy Highway 403 access An excellent opportunity to own a fully renovated home in a prime central location. Seller will cover 6 months of condo fees - a great added bonus for the new owner!
MississaugaInvestor.ca
603- 222 Jackson Street
Condo Apartment · 2bd/2ba · ~1,300 sqft
$359,900
Cash-Flow Report · July 31, 2026
Cap Rate
-1.56%
Monthly Cash Flow
-$2,124/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-32.32%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$1,657 |
| Property Tax | −$378 |
| Insurance | −$225 |
| Condo Fee | −$1,479 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$2,124/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$4,535 |
| Insurance | −$2,700 |
| Condo Fee | −$17,748 |
| Annual NOI | $-5,603 |
| Cap Rate | -1.56% |
Cash Required to Close
| Down Payment (20%) | $71,980 |
| Ontario Land Transfer Tax | $3,874 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $78,854 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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