203- 966 Queenston Road, Hamilton
Hamilton
$389,900
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by ROYAL LEPAGE STATE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,750/mo
Estimated from market price-to-rent ratios
Remarks
Wake up to peaceful views and enjoy the simplicity of condo living in this spacious 2-bedroom suite nestled in one of Stoney Creek's most convenient locations. Featuring a bright, open layout with large windows, this carpet-free home provides comfortable living with generous principal rooms and the convenience of in-suite laundry. Step outside onto your private balcony to relax and soak in the tranquil surroundings. This well-managed building is ideal for those looking to downsize without compromise, featuring an easily accessible parking spot, a storage locker, rooftop lookout patio and an unbeatable walkable location just moments from shopping, restaurants, medical services, banking, transit, and all everyday amenities. A wonderful opportunity to enjoy low-maintenance living in a mature, established community.
MississaugaInvestor.ca
203- 966 Queenston Road
Condo Apartment · 2bd/2ba · ~1,100 sqft
$389,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.57%
Monthly Cash Flow
-$1,609/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-22.63%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$1,795 |
| Property Tax | −$409 |
| Insurance | −$225 |
| Condo Fee | −$842 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,609/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$4,913 |
| Insurance | −$2,700 |
| Condo Fee | −$10,104 |
| Annual NOI | $2,233 |
| Cap Rate | 0.57% |
Cash Required to Close
| Down Payment (20%) | $77,980 |
| Ontario Land Transfer Tax | $4,324 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $85,304 |
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.