50 Main Street 410, Hamilton

$449,900
50 Main Street 410

$449,900

New
24d
Condo ApartmentLoft

50 Main Street 410, Hamilton

Total Monthly Obligation $2,999

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
24d
Score
25
Yield
8.3%
Cash on Cash
3.3%
Cap Rate
5.3%
5Y IRR
18.2%
10Y IRR
16.8%
Property Type-Condo Apartment
MLS® Number-X13839422
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 29, 2026
Style-Loft
Building Type-Condo Apartment
Age-31-50
Taxes-$3,636 (2026)
Maintenance-$681/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Roof-Flat
Possession-Flexible
Neighbourhood-Dundas
Title-Residential Condo & Other

No agent assigned

Welcome to the Mainhattan - a beautifully renovated top floor, 2-storey loft blending modern design with timeless historic charm in the heart of the lovely town of Dundas. Originally home to the historic Bertram & Sons manufacturing company dating back to the early 1900s, this landmark building was later transformed into unique loft condominiums while preserving its rich architectural character and industrial heritage. The award-winning conversion combines authentic historic features with contemporary living, making it one of Dundas' most sought-after condo residences. This bright and stylish unit features an open living space with soaring ceilings, a bright living-room area with large windows, renovated kitchen, stainless steel appliances, and the convenience of in-suite laundry. Upstairs, the loft-style primary retreat features a spacious walk-in closet and private ensuite, while the upper level also provides an inviting space for a home office perfectly suited for today's work-from-home lifestyle. Great amenities offered with this unit and building include underground parking, a private locker, bike storage, and ample visitor parking for family and guests. A rare opportunity to own a piece of Dundas history with modern comfort and design seamlessly combined. Nestled in the heart of Dundas, this sought-after community is known for its charming downtown, boutique shopping, local cafés, restaurants, and vibrant small-town atmosphere. Surrounded by natural beauty, residents enjoy nearby conservation areas, waterfalls, and scenic trails including the renowned Dundas Valley trails and Bruce Trail system. Convenient access to transit, major highways, and surrounding amenities makes this an ideal location for both commuters and outdoor enthusiasts alike.

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$
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%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$359,920
Land Transfer Taxes$5,473
Legal Fees (Est.)
$
Total cash required for closing$96,953

Total Monthly Obligation

$2,999/mo
Mortgage $1,815
Monthly Loss $2,521
Principal$478
Interest$1,337
Property Tax$303
Condo Fees$681
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.5%4
5-Year IRR
14.0%64
10-Year IRR
14.0%
Returns Index
33.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$37,320/yr
NOI
$19,380/yr
Net Cash Flow
-$200/mo
Cash Margin
-6.4%1
Cash Flow Index
1.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8919
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
30.3/ 100

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

Comparables

Properties near 50 Main Street 410

Time

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