590 North Service Road 15, Hamilton

$579,000
590 North Service Road 15

$579,000

New
22d
Condo TownhouseStacked Townhouse

590 North Service Road 15, Hamilton

Total Monthly Obligation $3,217

HausQ Valuation Report
Beds
2
Baths
3
Park
1
Sqft
1200-1399
DOM
22d
Score
19
Yield
5.5%
Cash on Cash
-3.4%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Condo Townhouse
MLS® Number-X13846736
Beds-2
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 1, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-6-10
Taxes-$3,245.55 (2025)
Maintenance-$411.5/mo
Locker-None
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Stone
Possession-Flexible
Neighbourhood-Lakeshore
Title-Residential Condo & Other

No agent assigned

Welcome To This Beautifully Maintained 2-Bedroom, 3-Bathroom Condo Townhome Offering 9ft High Ceilings with Approximately 1,300 Sq. Ft. Of Stylish, Carpet-Free Living In The Highly Sought-After FiftyPoint Waterfront Community. The Bright, Open-Concept Main Floor Features a Double Entrance; from the front and Through the Garage, A Modern Kitchen With Quartz Countertops, Stainless Steel Appliances, Ample Cabinetry And A Breakfast Bar, Flowing Seamlessly Into The Spacious Living And Dining Areas. Enjoy Two Open Balconies On The East And West Sides. Perfect For Taking In Both The Sunrise And Sunset and enjoying BBQs. Upstairs Offers A Generous Primary Suite With A Walk-In Closet And Private Ensuite, A Spacious Second Bedroom also With A Walk-in, A Full Bathroom And Convenient Upper-Level Laundry. Complete With An Attached Garage And Private Driveway Parking along Ample Visitor Parking. Walking Distance To The Lake Ontario Waterfront, Scenic Trails And Marina, With A Children's Playground Conveniently Located Across The Street. Minutes To Costco, Shopping,Restaurants, The QEW And Future Confederation GO Station. Move-In Ready And Perfect For First-Time Buyers, Professionals, Downsizers Or Investors!

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

Closing Costs

Mortgage Amount
$463,200
Land Transfer Taxes$8,055
Legal Fees (Est.)
$
Total cash required for closing$125,355

Total Monthly Obligation

$3,217/mo
Mortgage $2,336
Monthly Loss $2,603
Principal$615
Interest$1,721
Property Tax$270
Condo Fees$412
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.5%32
10-Year IRR
10.3%
Returns Index
17.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,040/yr
NOI
$18,252/yr
Net Cash Flow
-$814/mo
Cash Margin
-30.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.4/ 100

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

Comparables

Properties near 590 North Service Road 15

Time

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Data last updated within the past 24 hours.