1302- 15 Queen Street, Hamilton
Hamilton
$549,900
Cash flow, cap rate & mortgage breakdown
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Listed by MICHAEL ST.JEAN REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Estimated from market price-to-rent ratios
Remarks
Experience elevated urban living in this beautifully appointed 2-bedroom, 2-bathroom condo located in the heart of downtown Hamilton. Showcasing a modern design, bright open-concept layout, and stylish finishes throughout, this impressive residence offers the perfect blend of comfort, convenience, and contemporary living. Thoughtfully designed living spaces are enhanced by abundant natural light, spacious bedrooms, and a functional floor plan that's ideal for both everyday living and entertaining. The primary suite features a private ensuite, while the second bedroom provides flexibility for guests, a home office, or growing families. Enjoy the convenience of low-maintenance condo living with exceptional amenities and an unbeatable location just steps from trendy restaurants, cafés, shopping, entertainment, parks, public transit, and the GO Station, with easy access to major highways. Perfect for first-time buyers, professionals, investors, or downsizers looking to enjoy everything downtown Hamilton has to offer. This is modern city living at its finest.
MississaugaInvestor.ca
1302- 15 Queen Street
Condo Apartment · 2bd/2ba · ~850 sqft
$549,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.1%
Monthly Cash Flow
-$2,025/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-20.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,531 |
| Property Tax | −$577 |
| Insurance | −$225 |
| Condo Fee | −$497 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$2,025/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$6,929 |
| Insurance | −$2,700 |
| Condo Fee | −$5,964 |
| Annual NOI | $6,067 |
| Cap Rate | 1.1% |
Cash Required to Close
| Down Payment (20%) | $109,980 |
| Ontario Land Transfer Tax | $7,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,453 |
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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