40 Harrisford Street 904, Hamilton

$538,500
40 Harrisford Street 904

$538,500

New
73d
Condo Apartment1 Storey/Apt

40 Harrisford Street 904, Hamilton

Total Monthly Obligation $3,341

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
73d
Score
17
Yield
5.7%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Condo Apartment
MLS® Number-X13666176
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Aug 11, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$3,299 (2026)
Maintenance-$693.46/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX ESCARPMENT FRANK REALTY
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-FLEXIBLE
Neighbourhood-Red Hill
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully updated and spacious 2-bedroom, 2-bathroom condo offering 1,093 sq. ft. of comfortable living space and an impressive list of upgrades throughout. The fully renovated ensuite bathroom, completed in April 2026, features quartz countertops, stylish vinyl flooring, new fixtures and new shower doors. The updated guest bathroom offers a double-sink vanity with granite countertops, with the bathroom and wall renovation completed in 2021.The thoughtfully renovated kitchen features rich Raywal Hickory cabinetry, 18" imported Italian tile flooring and a full suite of newer appliances, all replaced in 2025. Enjoy a Frigidaire Professional double oven, Frigidaire ceramic 5-burner cooktop, bottom-mount refrigerator, dishwasher and LG over-the-range microwave/hood vent. Beautiful hardwood flooring flows throughout the living areas, adding warmth and elegance to the space. Ideally located within walking distance to parks, schools and shopping, with easy access to the Red Hill Valley Parkway and Lincoln M. Alexander Parkway. A wonderful opportunity for buyers seeking a spacious, stylish and extensively updated condo in a convenient location.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$430,800
Land Transfer Taxes$7,245
Legal Fees (Est.)
$
Total cash required for closing$116,445

Total Monthly Obligation

$3,341/mo
Mortgage $2,172
Monthly Loss $2,769
Principal$572
Interest$1,601
Property Tax$275
Condo Fees$693
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.2%19
10-Year IRR
8.6%
Returns Index
10.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,456/yr
NOI
$13,390/yr
Net Cash Flow
-$1,056/mo
Cash Margin
-41.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
23.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 40 Harrisford Street 904

Time

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