
103- 180 Limeridge Road, Hamilton
Hamilton
$369,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
63
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully updated, turnkey condominium on the Hamilton Mountain. Perfect for first-time buyers, downsizers, or professionals, this spacious 1-bedroom, 1-bathroom ground-floor unit offers 778 square feet of bright, functional living space. Step inside to an inviting open-concept layout featuring a generous living room with a new custom floating mantel (2025) and a dedicated dining area. The kitchen boasts a modern refresh with repainted cabinets, new countertops, a new sink, faucet, and hardware (all 2026), as well as a newer stove and fridge (2024). The oversized primary bedroom serves as a true retreat with new accordion blackout blinds (2025). The 4-piece bathroom has been fully upgraded with a new vanity, medicine cabinet, sink, faucet, mirror, toilet, and shower fixtures (2024-2026). Enjoy modern light fixtures (2025) and updated interior doors, handles, and hinges (2025). This home includes ultimate conveniences like in-suite laundry, central air, an exclusive locker, and dedicated parking. Your monthly condo fee covers heat, water, building insurance, and ground maintenance. Incredible location close to transit, highways, parks, and shopping! Note: WCP installed new windows in 2026.
MississaugaInvestor.ca
103- 180 Limeridge Road
Condo Apartment · 1bd/1ba · ~750 sqft
$369,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.72%
Monthly Cash Flow
-$1,481/mo
Estimated Rent
$1,450/mo
Cash-on-Cash
-21.94%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,450 |
| Mortgage | −$1,703 |
| Property Tax | −$388 |
| Insurance | −$225 |
| Condo Fee | −$542 |
| Vacancy (5%) | −$73 |
| Cash Flow | -$1,481/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$17,400 |
| Vacancy (5%) | −$870 |
| Property Tax | −$4,661 |
| Insurance | −$2,700 |
| Condo Fee | −$6,504 |
| Annual NOI | $2,665 |
| Cap Rate | 0.72% |
Cash Required to Close
| Down Payment (20%) | $73,980 |
| Ontario Land Transfer Tax | $4,024 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $81,004 |
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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