801- 90 Charlton Avenue, Hamilton
Hamilton
$629,900
Cash flow, cap rate & mortgage breakdown
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Listed by MICHAEL ST.JEAN REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
82
Price Drop
10%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Introducing a modern lower penthouse in the heart of Hamilton's sought-after Durand neighbourhood, just seconds from St. Joseph's Hospital, the James and Augusta restaurant districts, the GO Station, and downtown amenities.Offering a floor plan larger than many detached homes in the area, this upgraded residence features 10-foot ceilings, custom stone counters, a massive stone island, stainless steel appliances, floor-to-ceiling glass, fluted accent walls, custom LED lighting, and upgraded hardware.The open-concept kitchen and living area provide an impressive space for everyday living and entertaining, while the den offers the perfect home office setup. The sleeping quarters are thoughtfully separated, featuring a spacious bedroom, full 4-piece bath, and a private primary suite with ensuite.Ideal for professionals, downsizers, or anyone seeking luxury living without the maintenance, this unit includes a sizeable balcony, underground parking, locker, bike room, event lounge, boardroom, and full gym.
MississaugaInvestor.ca
801- 90 Charlton Avenue
Condo Apartment · 2bd/2ba · ~1,300 sqft
$629,900
Cash-Flow Report · August 1, 2026
Cap Rate
-0.94%
Monthly Cash Flow
-$3,391/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-29.48%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,899 |
| Property Tax | −$661 |
| Insurance | −$225 |
| Condo Fee | −$1,506 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$3,391/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$7,937 |
| Insurance | −$2,700 |
| Condo Fee | −$18,072 |
| Annual NOI | $-5,909 |
| Cap Rate | -0.94% |
Cash Required to Close
| Down Payment (20%) | $125,980 |
| Ontario Land Transfer Tax | $9,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $138,053 |
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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