806- 150 Main Street, Hamilton
Hamilton
$375,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX GOLD REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
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
First Time Home Buyers Dream or Great Income Generator for Investors! "CALL HOME" 150 Main St W 806 In The Heart Of Downtown Hamilton. Minutes away from McMaster University, Mohawk College, Hospitals, GO Transit, Shopping Malls, First Ontario Centre, Hwy 403 and Just Steps from PUBLIC TRANSPORT. Enjoy Living In The Spacious, 9Ft Ceiling, Elegantly Upgraded, Open Concept Layout & A Modern Kitchen With Granite Counter top, S/S Appliances, Backsplash, Ensuite Laundry, A Sun-Filled Living Room And Walk Out To A Spacious Balcony. Primary Bed Has A Luxurious Ensuite Washroom & A Walk-In Closet. Your Urban Living Experience Is Further Enhanced By The State-of-the-Art Gym, Indoor Swimming Pool, BBQ Courtyard, Social/Party Rooms With Full Kitchen. A Great Living Experience For Professionals, Families and Investors! PRICED TO SELL, MOTIVATED SELLER!
MississaugaInvestor.ca
806- 150 Main Street
Condo Apartment · 2bd/2ba · ~950 sqft
$375,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.06%
Monthly Cash Flow
-$1,398/mo
Estimated Rent
$1,750/mo
Cash-on-Cash
-20.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,750 |
| Mortgage | −$1,730 |
| Property Tax | −$395 |
| Insurance | −$225 |
| Condo Fee | −$710 |
| Vacancy (5%) | −$88 |
| Cash Flow | -$1,398/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,000 |
| Vacancy (5%) | −$1,050 |
| Property Tax | −$4,736 |
| Insurance | −$2,700 |
| Condo Fee | −$8,520 |
| Annual NOI | $3,994 |
| Cap Rate | 1.06% |
Cash Required to Close
| Down Payment (20%) | $75,180 |
| Ontario Land Transfer Tax | $4,114 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $82,294 |
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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