213- 600 North Service Road, Hamilton
Hamilton
$397,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by HOMELIFE/MIRACLE REALTY LTD
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
4
Price Drop
None
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 your dream home! This bright and airy open-concept modern 1-bedroom open-concept apartment in a stunning 2-year-old building with lake views! Located on the 2nd floor, this bright unit features a spacious living/dining area, a sleek kitchen, ensuite laundry, and a private balcony to enjoy the scenic surroundings. The building offers incredible amenities, including a rooftop patio with BBQs, a party room, a meeting room, and a pet wash station. Youll also have access to a prime surface-level parking spot and a secure locker for extra storage. Perfectly designed for comfort and convenience, this home is ideal for anyone seeking modern living with added luxuries. Schedule your viewing today and experience all this space has to offer!
MississaugaInvestor.ca
213- 600 North Service Road
Condo Apartment · 1bd/1ba · ~550 sqft
$397,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.24%
Monthly Cash Flow
-$1,418/mo
Estimated Rent
$1,450/mo
Cash-on-Cash
-19.6%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,450 |
| Mortgage | −$1,827 |
| Property Tax | −$417 |
| Insurance | −$225 |
| Condo Fee | −$326 |
| Vacancy (5%) | −$73 |
| Cash Flow | -$1,418/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$17,400 |
| Vacancy (5%) | −$870 |
| Property Tax | −$5,002 |
| Insurance | −$2,700 |
| Condo Fee | −$3,912 |
| Annual NOI | $4,916 |
| Cap Rate | 1.24% |
Cash Required to Close
| Down Payment (20%) | $79,400 |
| Ontario Land Transfer Tax | $4,430 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $86,830 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.