
1018- 461 Green Road, Hamilton
Hamilton
$399,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE MACRO REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
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
Experience sophisticated urban living in this pristine, 641 sq. ft. 1 Bedroom plus den suite plus large balcony at the newly completed Muse Condominium, a premiernever lived in before, 12-storey residence by Homes by DeSantis. Perfect for young professionals or as a high-end income property, the functional layout features 9' smooth ceilings, luxury vinyl plank flooring, and a versatile den ideal for a dedicated home office or guest space. The gourmet kitchen shines with custom cabinetry with extended upper cabinets, a stainless steel appliance package, and a breakfast island that flows seamlessly into the bright living area and private over-sized balcony. Embrace the future of convenience with the integrated DeSantis Smart Suite technology, featuring a 10-inch voice-enabled wall pad for climate and security control, digital door locks, and automated parcel notifications. The over $14,000 upgrades package includes Quartz counters in kitchen and bath, extended upper kitchen cabinets, and upgraded flooring. This unit also includes the added value of one parking space, one storage locker and in suite laundry. Residents enjoy an unmatched lifestyle with "art-inspired" amenities, including a stunning 6th-floor terrace with BBQs, a fitness-focused art studio, media lounge, chef's kitchen, and a pet spa. Ideally situated for commuters with easy access to transit and the QEW, this Tarion-warranted home offers a perfect balance of modern innovation and connectivity in the heart of Southern Ontario.
MississaugaInvestor.ca
1018- 461 Green Road
Condo Apartment · 1bd/1ba · ~650 sqft
$399,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.36%
Monthly Cash Flow
-$1,389/mo
Estimated Rent
$1,450/mo
Cash-on-Cash
-19.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,450 |
| Mortgage | −$1,841 |
| Property Tax | −$420 |
| Insurance | −$225 |
| Condo Fee | −$280 |
| Vacancy (5%) | −$73 |
| Cash Flow | -$1,389/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$17,400 |
| Vacancy (5%) | −$870 |
| Property Tax | −$5,039 |
| Insurance | −$2,700 |
| Condo Fee | −$3,360 |
| Annual NOI | $5,431 |
| Cap Rate | 1.36% |
Cash Required to Close
| Down Payment (20%) | $79,980 |
| Ontario Land Transfer Tax | $4,474 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,454 |
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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