54 Alanson Street 202, Hamilton

$529,000
54 Alanson Street 202

$529,000

New
24d
Condo Apartment1 Storey/Apt

54 Alanson Street 202, Hamilton

Total Monthly Obligation $3,377

Beds
2
Baths
1
Park
1
Sqft
1000-1199
DOM
24d
Score
17
Yield
5.4%
Cash on Cash
-8.5%
Cap Rate
2.7%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Condo Apartment
MLS® Number-X13841838
Beds-2
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Sep 29, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-100+
Taxes-$3,832 (2026)
Maintenance-$723.41/mo
Locker-Owned
Parking-1 - None
Basement-None
Heating-Heat Pump (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Foundation-Unknown
Possession--
Neighbourhood-Stinson
Title-Residential Condo & Other

No agent assigned

Rarely does a condo offer this much character! Welcome to this unique converted loft in Hamilton's Stinson neighbourhood. Offering over 1000 square feet of living space, this spacious two-bedroom, one-bathroom home features soaring ceilings, exposed wood beams, exposed ductwork, hardwood floors, abundant natural light and a cozy fireplace. The open-concept living, dining and kitchen areas create an ideal space for both everyday living and entertaining. The unit comes complete with a dedicated parking spot and large storage locker on site. This one-of-a-kind home combines character, space and an authentic loft feel. A private balcony provides additional outdoor space for morning coffee, dinner or simply getting some fresh air. Add in the charm of the brick exterior and the established Stinson location, and you have a condo that stands out from the crowd! RSA.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$423,200
Land Transfer Taxes$7,055
Legal Fees (Est.)
$
Total cash required for closing$114,355

Total Monthly Obligation

$3,377/mo
Mortgage $2,134
Monthly Loss $2,815
Principal$562
Interest$1,572
Property Tax$319
Condo Fees$723
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.1%0
5-Year IRR
5.6%13
10-Year IRR
7.4%
Returns Index
7.7/ 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
$28,488/yr
NOI
$10,726/yr
Net Cash Flow
-$1,240/mo
Cash Margin
-52.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.0/ 100

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

Comparables

Properties near 54 Alanson Street 202

Time

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Data last updated within the past 24 hours.