202- 851 Queenston Road, Hamilton
Hamilton
$329,888
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Located in the Heart of Stoney Creek this two bedroom condo end unit Is just steps to Eastgate Mall, Fortino's, LCBO, and all conveniences. This location has Everything boasting a Walk Score of 81. Situated in a prime, high demand area. Beautifully updated throughout. The kitchen has granite counters, updated cabinets stainless fridge, Bosch built-in appliances with induction cooktop. Updated bathroom with jetted soaker tub and body spray shower. In-suite laundry. Newer flooring throughout (no carpeting). This condo also includes Heat and water, along with building insurance, and maintenance, snow removal, underground parking #70 and locker #202, no special assessment fees on this unit. Ideal for the commuter just minutes easy access to Red hill pkwy and Hwy 403 also to either Toronto or Niagara bound destinations. Affordable alternate to renting! Nothing to do but enjoy!
MississaugaInvestor.ca
202- 851 Queenston Road
Condo Apartment · 2bd/1ba · ~750 sqft
$329,888
Cash-Flow Report · August 1, 2026
Cap Rate
1.47%
Monthly Cash Flow
-$1,114/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-18.46%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$1,518 |
| Property Tax | −$346 |
| Insurance | −$225 |
| Condo Fee | −$640 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$1,114/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$4,157 |
| Insurance | −$2,700 |
| Condo Fee | −$7,680 |
| Annual NOI | $4,843 |
| Cap Rate | 1.47% |
Cash Required to Close
| Down Payment (20%) | $65,977.6 |
| Ontario Land Transfer Tax | $3,423 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $72,400.6 |
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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