
1008- 460 Dundas Street, Hamilton
Hamilton
$429,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT GOLFI REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
46
Price Drop
13%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,800/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully maintained, move-in ready condo offering modern style and exceptional convenience from the 10th floor. This bright and spacious 1 bedroom plus den suite features an open-concept layout with floor-to-ceiling windows, freshly painted interiors, and breathtaking unobstructed views that fill the home with natural light. The contemporary kitchen is designed for both everyday living and entertaining, showcasing quartz countertops, stainless steel appliances, ample cabinetry, and a functional breakfast bar overlooking the living space. The versatile den is perfect for a home office, guest room, or additional flex space, while the spacious bedroom offers comfort and functionality. Enjoy your private balcony with spectacular panoramic views, creating the perfect place to unwind morning or night. This well-maintained suite is ideal for first-time buyers, downsizers, or investors looking for a truly turn-key opportunity. Residents enjoy outstanding building amenities including a fitness centre, party room, rooftop terrace, concierge services, bike storage, EV charging, and visitor parking. Ideally located in the heart of Waterdown, you're just minutes from Highway 403, the QEW, Aldershot GO Station, shopping, restaurants, parks, scenic trails, and all everyday amenities, offering the perfect balance of convenience and lifestyle.
MississaugaInvestor.ca
1008- 460 Dundas Street
Condo Apartment · 2bd/1ba · ~650 sqft
$429,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.37%
Monthly Cash Flow
-$1,486/mo
Estimated Rent
$1,800/mo
Cash-on-Cash
-19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,800 |
| Mortgage | −$1,975 |
| Property Tax | −$450 |
| Insurance | −$225 |
| Condo Fee | −$546 |
| Vacancy (5%) | −$90 |
| Cash Flow | -$1,486/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,600 |
| Vacancy (5%) | −$1,080 |
| Property Tax | −$5,405 |
| Insurance | −$2,700 |
| Condo Fee | −$6,552 |
| Annual NOI | $5,863 |
| Cap Rate | 1.37% |
Cash Required to Close
| Down Payment (20%) | $85,800 |
| Ontario Land Transfer Tax | $5,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $93,855 |
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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