
804- 200 Limeridge Road, Hamilton
Hamilton
$369,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
32
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
Bright, ultra-stylish, and completely turnkey! Welcome home to unit #804 at 200 Limeridge Road West, perfectly situated in Hamilton's highly desirable West Mountain. This gorgeous penthouse level 1-Bedroom +Den condo is a generous size at 879 sqft, and is the definition of super cute. It has been stylishly updated with brand-new flooring throughout, and a freshly painted in a modern paint palette. From the moment you step inside, you notice the higher 9ft ceilings, and will love the fantastic and functional layout flooded with natural light thanks to an abundance of massive windows. The spacious primary bedroom features plenty of closet space, while the bright, versatile den comes complete with doors, making it the perfect home office or a fully functional second bedroom as currently used. The property offers total convenience with a separate dining area, functional kitchen, a full 4-piece bath, plenty of storage/closet space, and in-suite laundry. To complete the package, this beautiful unit also includes 1 designated parking space and a separate storage locker. Enjoy the outdoor space as well with the beautiful tree-covered property around the building. Location is fantastic, quiet mountain neighborhood close to shopping, transit, highways, trails and highly rated schools. Truly a stylish standout where all the hard work has already been done for you-just move in and enjoy!
MississaugaInvestor.ca
804- 200 Limeridge Road
Condo Apartment · 2bd/1ba · ~850 sqft
$369,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.44%
Monthly Cash Flow
-$1,258/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-18.64%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$1,703 |
| Property Tax | −$388 |
| Insurance | −$225 |
| Condo Fee | −$604 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,258/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$4,661 |
| Insurance | −$2,700 |
| Condo Fee | −$7,248 |
| Annual NOI | $5,341 |
| Cap Rate | 1.44% |
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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